XAUUSD, Daily
On the Daily timeframe, the XAUUSD is in a slight correction, following the uptrend. The price can reach the FVG zone before the continuation of an uptrend, with the target on the liquidity pool.
The RSI histogram leaves the overbought zone, potentially confirming a correction to the FVG zone.
XAUUSD, H1
On the closer outlook, XAUUSD navigates within a descending channel and faces its upper border, coinciding with the 1650 resistance.
However, the momentum oscillator breaches above its local trendline and crosses the 100-line, giving us a bullish sentiment.
- If the XAUUSD breaches above the 2650 resistance it will rise to s687 and the Liquidity pool;
- However, a rebound from the trendline will drop the price to 2610 and FVG zone.
