Bullish Outlook on XAUUSD - 21 July
Currently, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1955.00, which is in line with the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1985.00, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above ichimoku cloud, supporting our bullish bias.
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