XAUUSD Weekly Technical Outlook
XAUUSD market operation on the weekly time frame is in a bullish mode. A bullish follow-up this week may see a retest of the 2005.90/2016.10 horizontal resistance zone (red).
XAUUSD price action on the daily time frame is within an ascending channel (magenta). Although there is a pause in bullish momentum, the technical pattern favours further northward move. The 2005.90/2016.10 area (red) is the immediate horizontal resistance.
Although XAUUSD price action on the H4 time frame is sideways, the technical impulse is bullish. Thus, we may still see further northward move.
I may be wrong. Trade safe and prosper.