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T3-Consultancy

XAUUSD H1: Bullish outlook seen, further upside above 1779.00

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 xauusdbuy xauusdbullish Forex forextrading commoditiestrading
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xauusdlong xauusdbuy xauusdbullish forex forextrading commoditiestrading
On the H1 time frame, prices are holding above an ascending channel and approaching the support zone at 1779.00, in line with the Fibonacci confluences and ascending channel’s support. This presents an opportunity to play the bounce to the next resistance target at 1802.80. Prices are holding above the 50 EMA as well, supporting the bullish bias.
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