XAUUSD is Bullish
XAUUSD in in a trending phase and printing higher highs followed by higher lows, a bullish engulfing candle alongside inverted hammer indicates that this is the new higher low and the bullish momentum would continue from here. Targets are mentioned on the chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.