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XAUUSD market technical outlook

Daily chart:

Upswing has tested resistance zone 1762.09-1764.36 and now there is a potential of getting a bearish inside bar at its tip (red round mark). Traders will get a solid sell signal for tomorrow if the day closes this way.


Local structure retains the status of bullish trend and has a completed corrective swing. If we stick to forming of the inside bar on a daily chart by the end of the day, we’ll get flat in the 1743.00-1754.00 range. 


Flat in the 1743.00-1754.00 range.

Trading recommendations:

Shorts from 1754.00 to 1743.00.

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