XAUUSD Next Target

As you see in the 4H time frame, price is in an strong uptrend and after a downside retrace and some correction, it has started to rise again.

Currently, price is facing bullish pressures and is above the red resistance level and could break it. But we should wait for this 4H current candle closure to see if it will be closed strong above the resistance or not.

If the current candle closed above the red resistance and above 1761, I expect a rise on XAUUSD to 1767 and then 1783 which are the next resistance levels.

What is your view on XAUUSD? Feel free to share your ideas in the comments.