XAUUSD Bullish unless this trend-line breaks.

Gold (XAUUSD) is on a short-term uptrend on the 1H time-frame as it is supported by a Higher Lows trend-line since Friday's bottom. As long as this trend-line holds, we are bullish, targeting 2220 (marginally below Resistance 1).

If the price breaks and closes a 1H candle below the Higher Lows trend-line, we will see and target 2150 (marginally above Support 1).

We follow this break-out approach as it was exactly what Gold did on March 20, after it broke above the Lower Highs trend-line and turned aggressively bullish.


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