GOLD (XAUUSD) Price Action & Bullish Outlook

12 Oca 2021

After a sharp bearish move last week, gold leaves important reversal clues now.

On a daily the price is trading within a strong support cluster
and on hourly, with a sequence of higher lows, the price has formed a classic ascending triangle formation.

With 4h/1h candle close above its resistance, the breakout is confirmed now and bullish continuation is expected.

Targets:
1875
1890

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