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XAUUSD market technical outlook

Daily chart:

As we supposed gold switched to a new trending upswing with the closest target at the pivot-zone 1980.00-2000.00.


Local upward structure already has fully formed correction, which confirmed strong support zone 1944.47-1949.53. Thus growth may take place directly from current levels in direction 1980.00, 1990.00, 2000.00.


Growth in direction 1980.00, 1990.00, 2000.00.

Trading recommendations:

Longs to 1980.00, 1990.00, 2000.00.

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