Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1595.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64.
Thank you!
Thank you!