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XAUUSD reversed from support area likely to rise to 1525.00

XAUUSDrecently reversed up from the support area located between the support level 1480.00 (which has been reversing the price from the start of September), lower daily Bollinger Band, upper trendline of the recently broken up channel from 2018 (acting as support after it was broken) and the 50% Fibonacci correction of the previous upward impulse wave from the start of August. The upward reversal from the aforementioned support area started the active short-term impulse wave XAUUSD is likely to rise further toward the next resistance level 1525.00 (top of the previous wave (B) from the end of September).

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