Gold XAUUSD Chart Technical Outlook resumes higher toward the pivot barrier at $2,400
Gold’s broad bias is bullish. It completed a three-wave corrective structure and bounced higher. Prices have found support at the rising trendline, rejecting the breakout below Tuesday’s low.
I expect an upside price action toward the pivot barrier of $2,400 – a confluence resistance of a previous swing high and the daily ATR range. Supports are located at $2,355 and $2,340.
