Gold is facing bullish pressure, potential for a further rise

Price is testing our ascending trendline and could possibly rise from here. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target at 1965.57. It is worth noting that the price is still holding above EMA (50) and the Ichimoku cloud in line with our bullish bias.

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Chart PatternsGoldgoldlongHarmonic PatternsTrend AnalysisXAUUSDxauusdlong

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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