Gold XAUUSD Chart Technical Outlook Gold’s higher highs and lows offer an immediate bullish bias
Gold – the four-hour chart highlights the commodity building a bearish Gartley formation. This pattern will be completed at $2,048. The intraday chart highlights Gold moving higher within a bullish channel formation. Bespoke support is located at $2,024. We have a supply zone at $2,023.
Conclusion: the immediate bias remains mildly bullish. There is ample scope for a move in either direction at the open. Buying at $2,024 (bespoke), targeting $2,048 (Gartley), with a stop loss of $2,014 (below supply), offers an intraday trade setup of 2.4R
Resistance: $2,041 (last week speak), $2,048 (Gartley) $2,051 (lower highs)
Support: $2,024 (bespoke), $2,023 (supply), $2,016 (swing low)
