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XAUUSD market technical outlook

Daily chart:

Friday’s session was closed by bearish inside bar delivering a solid short-setup. As we see development of new downswing is in progress, therefore we have nothing to do but expect further decline of the quotes in direction of the last structure’s high (1445.14).


Local structure got a break of consolidation to the downside also confirming overall negative intraday forecast. We expect a move to the pivot-zone 1455.38-1455.84.


Decline to the 1455.38-1455.84 region.

Trading recommendations:

Shorts towards 1455.38-1455.84.

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