XAUUSD rallies into H1 resistance; daily still weak
The left chart shows the XAUUSD . Price is in the area, between the lower blue and lower red bands. The right chart shows the XAUUSD hourly. Here the price is rising into resistance (red shaded horizontal). We are looking to see if this is a key level i.e., if price will react at this level. If it does, a cross of the EMAs and will be considered developments, aligning the short-term traders with the longer-term trend.