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T3-Consultancy

XAUUSD H1: Bullish outlook seen, further upside above 1985

Long
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
T3-Consultancy  
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index XAUUSD xauusdlong xauusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar xauusd xauusdlong xauusdbullish forex forexsignals forextrading
Price is currently range-bound and hovering above a key support zone at 1955 on the H1 timeframe. A throwback to this support zone, coupled with a break above upside confirmation at 1963.5 could provide the bullish acceleration to the resistance zone at 1985. Prices are showing bullish divergence, with RSI forming higher lows while prices continue trending lower, which could signal a potential reversal, supporting the bullish bias
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