XAUUSD Bullish Harami Hourly Chart


Resistance: 1775.12 moderate/1783.07 minor/1791.41 minor

Support: 1766.78 strong/1758.83 moderate/1750.49 minor

Overall bias in XAUUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1775.12 as the immediate target, possibly further on to 1783.07. A stop loss should be placed below 1766.78, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.


XAUUSD Three Inside Up Hourly Chart


Resistance: 1775.12 moderate/1783.07 minor/1791.41 minor

Support: 1766.78 strong/1758.83 moderate/1750.49 minor

XAUUSD has a high credibility bullish pattern Three Inside Up in Hourly charts. With prices just above a strong support 1766.78, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1775.12 break of which open us to a run for 1783.07 and a possible uptrend.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices