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T3-Consultancy

XAUUSD H4: Bullish outlook seen, further upside above 1724.50

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
T3-Consultancy  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD xauusdlong xauusdshort Forex forextrading forexsignals
3
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xauusdlong xauusdshort forex forextrading forexsignals
On the H4 time frame, prices are facing bullish pressure from the support zone at 1724.50, in line with the 1.272% Fibonacci retracement where we could see further upside above this support zone, with 1783.80 as the next resistance target. Stochastic is showing bullish divergence as well as highlighted in green, indicating potential for more upside in prices.
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