FX.co ★ Daily Video Analysis: XAUUSD is facing bullish pressure, potential for further upside!

Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure from the Ichimoku cloud, which is in line with our bullish bias. We could potentially see a bounce at our buy entry level, in line with our 61.8% Fibonacci retracement, and a further push up towards our take profit level.