XAU/USD: gold is resuming the uptrend

XAU/USD: gold is resuming the uptrend


BUY 1365 SL 1350 TP1 1395 TP2 1410 TP3 1425

BUY 1340 SL 1325 TP1 1380 TP2 1395 TP3 1410

On the daily chart of XAU/USD, the inability of bears to pull the pair below the support at 1302-1308 points at their weakness. Bulls managed to lead gold outside of the consolidation range of 1308-1340. This increases the odds of an advance towards 113% and 127.2% targets of the “Shark” and AB=CD.


On H1, XAU/USD formed a “Crab”. Advance above resistances at 1361 and 1365 will open the way up to 161.8%.



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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