Daily Live Trading Room
See our charts, hear our voice and ask us questions, 5 days/week, during Asian, UK & US sessions. Stop trading alone - join us! Just $29.95 per month.
Resistance: 1782.51 moderate / 1787.56 minor / 1793.43 minor
Support: 1776.64 strong / 1771.59 moderate / 1765.72 minor
Market is generally bullish with XAUUSD just under a moderate resistance at 1782.51. With a high level bullish candlestick pattern, Morning Star (Doji) in Hourly charts, look for a break of 1782.51 and consider buys with 1787.56 as the immediate objective possibly on to 1793.43. A stop loss should be established below the pattern low.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices
