XAUUSD Piercing Line Hourly Chart

Resistance: 1439.44 minor/1448.60 moderate/1462.46 strong Support: 1425.58 minor Overall trend in XAUUSD is bearish though we appear to be overextended in Hourly charts. With a high credibility bullish reversal pattern, Piercing Line we risk a sharp technical correction. Consider buys at market with stops under 1425.58 or the pattern low. The immediate target is 1439.44 break of which may see a test of 1448.60.

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XAUUSD Piercing Line Hourly Chart

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