HomeContributorsTechnical AnalysisXAU/USD Breaks Dominant Pattern

XAU/USD Breaks Dominant Pattern

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

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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