XAU/USD Analysis: Breaks dominant pattern

Dukascopy Bank Team Dukascopy Bank SA

XAUUSD

During Monday's trading session, the yellow metal broke the previously drawn dominant pattern line at 1,325.06. On Tuesday morning, the rate was located at the 1,329.53 mark.

In regards to the near-term future, it is expected that the yellow metal will continue its surge against the US Dollar to the 1,330.00 level.

Note, the chart was fully reviewed, and some corrections were applied to.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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