Outlook on XAUUSD: Bullish play seen
On the H1 time frame, prices are testing support at 1917.26, in line with the 50% Fibonacci retracement, 78.6% Fibonacci extension where we could see further upside in prices, with 1942.47 as our resistance target, in line with the 78.6% Fibonacci retracement. Stochastic is approaching support as well where we could see further upside above this level.