XAUUSD Continued Buy
XAUUSD seems set to continue its bullish motion after the price shot up this morning due to JOLTS job opening data. The release tanked the Dollar causing Gold to rise. There is still a small sell gap left to fill on the DXY before the pattern wave is completed, and I am expecting XAUUSD to finish the pattern as well triggering a continued short-term buy for Gold . A support of price 2052.00 is most likely, but there is potential for a push to the previous high of 2070.00. I based my analysis on the last time Gold saw current price points in early March of 2022.
Buy Entry: 2025.00
Targets: 2029.00 | 2032.00 | 2035.00 | 2038.00 | 2042.00 | 2045.00 | 2049.00 | 2052.00 | 2057.00
Resistance: 2070.00
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Buy Entry: 2025.00
Targets: 2029.00 | 2032.00 | 2035.00 | 2038.00 | 2042.00 | 2045.00 | 2049.00 | 2052.00 | 2057.00
Resistance: 2070.00
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Note
Targets up to 2032.00 met before retracement
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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.