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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).

H1-chart:

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.

Conclusions:

Decline to the 1455.38-1455.84 region.

Trading recommendations:

Shorts towards 1455.38-1455.84.

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