Weekly Technical Analysis Report 21 July – Bullish outlook on XAUUSD
July 21, 2023
Weekly Technical Analysis Report 21 July – Bullish outlook on XAUUSD
1. This week’s outlook on XAUUSD: Bullish outlook seen
Currently, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1955.00, which is in line with the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1985.00, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above ichimoku cloud, supporting our bullish bias.
Bullish Outlook on XAUUSD – 21 July by Salzworth on TradingView.com
