XAUUSD has made its way to the upper side after 1455.
Judging by the resistance trend line, it has been broken and could test 1478.517 (Fib 23.6% 15 minute) before making another move up towards 1492.99 (Fib 38.2% 15 minute).
Once price breaks the 1492.99 zone, we could be looking to go LONG to 1504.742 (Fib 50% 15 minute) and see a pullback before moving up to 1516.464 (Fib 61.8% 15 minute). 1516.464 is also a zone of resistance so price may retest quite frequently at that area before making another move up.
However, if price get rejected heavily at 1492.99 zone, we could be look to go SHORT back to 1455 or 1450.
In conclusion, wait till price breaks above or gets rejected at the 1492.99 zone. Good luck on your trades!
Judging by the resistance trend line, it has been broken and could test 1478.517 (Fib 23.6% 15 minute) before making another move up towards 1492.99 (Fib 38.2% 15 minute).
Once price breaks the 1492.99 zone, we could be looking to go LONG to 1504.742 (Fib 50% 15 minute) and see a pullback before moving up to 1516.464 (Fib 61.8% 15 minute). 1516.464 is also a zone of resistance so price may retest quite frequently at that area before making another move up.
However, if price get rejected heavily at 1492.99 zone, we could be look to go SHORT back to 1455 or 1450.
In conclusion, wait till price breaks above or gets rejected at the 1492.99 zone. Good luck on your trades!