XAUUSD Rise After Retest
As you can see in the 4H time frame, price had a sharp upside move after retesting the yellowing support level around 1617.
We can see that the bullish candles are strong and powerful. XAUUSD has started an uptrend and currently, it is retracing the previous upside move.
There is a support zone between 1657 - 1665 and price has thrown back to it recently. But, it might throw back and retest the support zone one more time.
I expect a continuation on rising for XAUUSD towards the last high at 1682 and in the case of an upside breakout on that level, the next target would be around 1693.
We can see that the bullish candles are strong and powerful. XAUUSD has started an uptrend and currently, it is retracing the previous upside move.
There is a support zone between 1657 - 1665 and price has thrown back to it recently. But, it might throw back and retest the support zone one more time.
I expect a continuation on rising for XAUUSD towards the last high at 1682 and in the case of an upside breakout on that level, the next target would be around 1693.
Penafian
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