XAUUSD

The day candle shows a hammer. Hammer is interpreted as a reversal signal and heralds an upcoming uptrend. The signal consists of a single candle with a small body and a long lower shadow.
The shadow should be at least twice as long as the body, therefore the higher it closes today, the better.
But I have my doubts. A second leg, as shown on the chart, would convince me. We'll see how it goes next month.