xauusd Gold . Daily review on the daily timeframe . Price continues to consolidate. For what?
1) Gold is in a consolidation phase, but more interestingly, the range is not horizontal, but upward 2) The price forms a pullback and tests the level of 1786, the bulls hold this support 3) The price is going towards the level of 1804 and there are no conditions and preconditions to the fact that the level will be held by the bulls 4) Daily RSI shows the buyers mood 5) The range is changing its limits and at the moment they are 1824-1786.
Comment
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Generally the direction is uptrend because price trade above 1780 - 1785 and price trade at the bullish channel so our target will be 1807 , 1812 , 1817
for any reasons if price stable under 1780 the direction will be downtrend and price will try to reach 1775 , 1767
support line : 1785 , 1780 , 1775 resistance line : 1807 , 1812 , 1817