XAUUSD Resistance Approach
As you see in the chart, XAUUSD has been very bullish and rising significantly in the past few days.
Currently, price is approaching to the last recent high at 1879:
Since price has been rejected in the last time from this level, we can expect another rejection and a drop on price for the second time with a target around 1850
On the other side, since we are in an uptrend, there is a high possibility of upside breakout on the resistance level, and if price closes a bullish candle above this level, we can expect more rise for XAUUSD around (1897 - 1900)
Currently, price is approaching to the last recent high at 1879:
Since price has been rejected in the last time from this level, we can expect another rejection and a drop on price for the second time with a target around 1850
On the other side, since we are in an uptrend, there is a high possibility of upside breakout on the resistance level, and if price closes a bullish candle above this level, we can expect more rise for XAUUSD around (1897 - 1900)
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