Gold on the rise

XAUUSD

Gold rebounded as expected, but we cannot be sure about its further upward move. In the current situation, where we expect important data from the US today, we can expect bigger moves in the US dollar.

In the picture I have marked the level with a line which should give us an open path for further growth. Until then, it is worth being careful. In case of further increases, the next level will be the border of the channel. I recommend that you mark yourself in the same way as you can see in the image, and mark the place where the price can touch the line. If the marked level is near the resistance, we have a ready waiting point.