. There is a possibility of temporary retracement to suggested support line (1494.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 71.
TP1= @ 1516.75
TP2= @ 1535.95
TP3= @ 1556.00
SL= Break below S2