XAUUSD Chart Technical Outlook

Gold XAUUSD Chart Technical Outlook offers a measured move target of $1,932
Gold broke out of the reverse Head and Shoulders formation to the upside. We witnessed impulsive buying from the reverse trend line support of $1,912.
Although we saw a correction to the downside close to the bespoke resistance of $1,929, the market looks to focus on the measured move target of $1,932.
We can see no clear indication of a change in this current bullish trend.

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