XAU/USD Gold Multi Time Frame Trading Analysis

XAU/USD Weekly Time Frame :


XAU/USD Weekly Chart
XAU/USD Weekly Chart 

Gold spot closed at 1589 and weekly bullish candle forms on the weekly chart but we are also entered in previous weekly pin bar candle's wick area.

Weekly resistance area is around 1611.
Weekly Support area is around 1554

XAU/USD Hourly Time Frame :


Gold Hourly Time Frame
Gold Hourly Time Frame 

Gold is moving in Ascending diagonal formation on an hourly chart.
1603 is the first target as per the ascending pattern and 1611 is the second target.
Hourly Support is 1578 and 1585 as moving upper side.




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