XAU/USD Long-Term Trend: Bullish
Key Resistance Levels: 1783.816, 1806.802, 1807.00.
Key Support Levels: 1755.573, 1726.08, 1721.380.
The price on the higher time frame found support around the 1755.573 USD mark where huge wicks to the downside has been left showing that the buyers are in clear control of the market. The market also succeeded to break the trend line to the upside and is expected to continue its move upward toward the 1783.816 USD level.
XAU/USD Medium-Term Trend: Bullish
On the lower time frame, the gold is ranging above the 1755.573 USD level and this could lead to a huge move upward. A series of bullish bars has been posted which show confirms our view that the market is controlled by buyers. This could lead to a move upward toward the mentioned target profit.
Buy Limit Order @ 1756.918
TP 1 @ 1782.825
TP 2 @ 1808.132
Stop Loss @ 1744.782
Trade Safely 🙂