PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
XAU/USD ha tested major support on the monthly since March this year.
We are currently seeing strong bullish momentum from support and
a correction is likely to take place before we see price continue bullish
till at least 1900 price level.

We are likely to see resistance around the 1804 price level which may
call for a change in direction or price correction depending on price action.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.