XAUUSD Potential Buy
There is potential for gold to continue its upward trend and push up 30 more pips from current pricing area before seeing a steep retracement back downwards. A move forward may be triggered by tomorrow's USD GDP announcement as well, which is expected to temporarily weaken the US dollar. Current MA Indicators are still showing strong signs of bullish movement.
I have based my analysis on the last time XAUUSD saw current price points in April 2022.
Buy Entry: 1948.00
Targets: 1951.00 | 1953.00 | 1955.00 | 1957.50 | 1963.50 | 1967.00 | 1970.00 | 1972.50 | 1974.50 | 1977.00
Resistance: 1980.00
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I have based my analysis on the last time XAUUSD saw current price points in April 2022.
Buy Entry: 1948.00
Targets: 1951.00 | 1953.00 | 1955.00 | 1957.50 | 1963.50 | 1967.00 | 1970.00 | 1972.50 | 1974.50 | 1977.00
Resistance: 1980.00
Be sure to like this post and let me know what you think in the comments below!
Note
FOMC could trigger buy after US market close
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.