XAUUSD Price Action Breakdown
XAUUSD has formed a new high and price looks to be in an uptrend. Right now, price is currently consolidating, if price breaks and closes either way, it will retest either the level of resistance at 1831.90 or the level of support at 1822.90.
1. Price broke out from consolidation
2. Price formed a new high
3. A break and close above 1829 can continue bullish to 1831.80
4. If price breaks its lows 1825.05, it can test 1823.05
1. Price broke out from consolidation
2. Price formed a new high
3. A break and close above 1829 can continue bullish to 1831.80
4. If price breaks its lows 1825.05, it can test 1823.05
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