XAUUSD looking for 2360 long opportunities

١٦ مايو

On the daily chart, XAUUSD has formed an insidebar breakout, and the short-term bullish trend is dominant. At present, we can pay attention to the support near 2360. If it rebounds and stabilizes, we can consider continuing to go long. At the top, we should pay attention to the resistance near the previous high of 2431. A breakthrough will open up room for the upside. The upward target in the market outlook is towards the 2480-2500 area.

Important U.S. economic data and speeches by Federal Reserve officials will be released today, so stay tuned.