Price is moving on the ascending trend line and making a bullish structure. Yesterday, XAUUSD had a rise to 1735 but came down to retest the support.
Personally, I expected a stronger upside move but in daily time frame the yesterday’s candle closure was not satisfying enough.
Currently, we can see a bullish pressure on price after touching the trend line. If price can be fixed and closed above the previous 4H candle high at 1726 in lower time frame like 1H, we can expect more rise for XAUUSD towards 1739.
Personally, I expected a stronger upside move but in daily time frame the yesterday’s candle closure was not satisfying enough.
Currently, we can see a bullish pressure on price after touching the trend line. If price can be fixed and closed above the previous 4H candle high at 1726 in lower time frame like 1H, we can expect more rise for XAUUSD towards 1739.
