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XAUUSD (Intraday Perspective: Upside pressure above 1965.20)
We are seeing a medium-probability bullish scenario and 1984.56 marks a potential upside target for longs. Failure to hold below the 1984.56 resistance level could see the pendulum swing towards a run up to our 20001.49 resistance level . The Ichimoku cloud is showing signs of upside pressure and price is holding nicely above our ascending trend line as well.
We are seeing a medium-probability bullish scenario and 1984.56 marks a potential upside target for longs. Failure to hold below the 1984.56 resistance level could see the pendulum swing towards a run up to our 20001.49 resistance level . The Ichimoku cloud is showing signs of upside pressure and price is holding nicely above our ascending trend line as well.
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