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22.01.202110:24 Forex Analysis & Reviews: Daily Video Analysis: XAUUSD is facing bullish pressure, potential for further upside!

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Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure from the Ichimoku cloud, which is in line with our bullish bias. We could potentially see a bounce at our buy entry level, in line with our 61.8% Fibonacci retracement, and a further push up towards our take profit level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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