XAUUSD can bounce from the trend line to revisit the resistance
Market Instrument: XAUUSD
Timeframe: H4
Analysis: Technical
Structure: Trend Line and Resistance
Prediction: Bullish
Gold can be expected to bounce back on the following trend line formed where we may see another revisit towards the resistance formed. The bull trend formed on gold recently remains a bit stronger than the ones compared to which we have seen through the last year ( 2021 ). Any breakout on the following trend line will invalidate the following bullish continuation expected.
Timeframe: H4
Analysis: Technical
Structure: Trend Line and Resistance
Prediction: Bullish
Gold can be expected to bounce back on the following trend line formed where we may see another revisit towards the resistance formed. The bull trend formed on gold recently remains a bit stronger than the ones compared to which we have seen through the last year ( 2021 ). Any breakout on the following trend line will invalidate the following bullish continuation expected.