Resistance: 1588.72 moderate / 1601.64 minor / 1618.51 minor
Support: 1571.85 strong / 1558.93 moderate / 1542.06 minor
Market is generally bullish with XAUUSD just under a moderate resistance at 1588.72. With a high level bullish candlestick pattern, Morning Star (Doji) in 4-Hour charts, look for a break of 1588.72 and consider buys with 1601.64 as the immediate objective possibly on to 1618.51. 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