GOLD Analysis
Gold reached the higher low area of the uptrend line in the 1-hour timeframe chart
After the confirmation of the Upward movement, XAUUSD Buy signal was given.
GOLD Update
XAUUSD is trying to break the higher low area, which leads to the SL price. However, XAUUSD still have chances to to rebound from the horizontal support zones
Reason : Due to the release of more Economic news mentioned below, the market is not making technical movement for now.
U.S. Existing Home Sales
U.S. Federal Open Market Committee (FOMC) Meeting Minutes
U.S. Crude Oil Inventories
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