XAU/USD Adapting Strategies: This Week's Market Outlook
Updated
Hello Everyone,
This week, a more cautious strategy is required. We've revised our analysis, indicating that the sole circumstance under which we'd consider a confident long position in the coming days is if the criteria above 2003 are met. Conversely, we'll exercise patience to enter the market at a discounted price, waiting for a clear bottoming-out signal. Additionally, throughout the week, significant news is expected to exert substantial influence on price levels.
TradeWithTheTrend3344
Important Notice: sahmeto.com has duplicated our TradeWithTheTrend3344 analyses verbatim. I want to make it clear that we do not support or have any association with their practices. We strongly disapprove of their actions. Additionally, be cautious of scams. We neither accept investments nor manage funds!
This week, a more cautious strategy is required. We've revised our analysis, indicating that the sole circumstance under which we'd consider a confident long position in the coming days is if the criteria above 2003 are met. Conversely, we'll exercise patience to enter the market at a discounted price, waiting for a clear bottoming-out signal. Additionally, throughout the week, significant news is expected to exert substantial influence on price levels.
TradeWithTheTrend3344
Important Notice: sahmeto.com has duplicated our TradeWithTheTrend3344 analyses verbatim. I want to make it clear that we do not support or have any association with their practices. We strongly disapprove of their actions. Additionally, be cautious of scams. We neither accept investments nor manage funds!
Note
TP @ 2016 for now for XAU 1998 is due for a test, let's see how far it goes!Note
Key support levels include 1-hour at 2013.361, 4-hour at 2012.85, and daily at 2003.308. The weekly updated pivot point stands at 1991.93. Currently, indications suggest a high likelihood of a bullish continuation. In case of a downturn, the weekly solid support is at 1979.46. Good luck!Note
Let's be patient so far 1h and 4h support levels are holding up well!Note
What a solid reaction from the 4h support!Note
Take Profit reached @ 2038Note
Should the price stay above 2035.078, we can anticipate additional upward movement. While a decline to 2027 is possible, it's crucial that the price doesn't settle below 2035.78 for us to remain optimistic about the bullish upside!Note
What a great way to start Dec. For those that took a buy @ 2036 take profit @ 2059!Note
Happy weekend, everyone! Just a quick market update: Strong resistance ahead at 2074.456. Enjoy your weekend!
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