Mahtab_Tradia

XAUUSD Resistance Approach

FX:XAUUSD   黄金现货/美元
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)

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