Gold Spot / U.S. Dollar
Long

XAUUSD H1: Bullish outlook seen, further upside above 1814.20

272
On the H4 time frame, prices are testing support and a throwback to the H1 support at 1814.20, which coincides with the fibonacci confluence levels could present an opportunity to play the bounce to the resistance zone at 1832.00. Prices are also above the 20EMA supporting the bullish bias.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.