Gold Friday Analysis and Signals
Updated
Today's gold is completely consistent with my analysis. After several days of volatility, gold rose to 2050 after breaking through 2037-2041 today. We will still be bullish on gold tomorrow. If gold falls back to rebound around 2038-2042, you can buy it with a target of 2055-2063
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#XAUUSD Quick analysis of gold pricesYesterday gold had a very strong increase in price.
Gold price is in the 0.618 fibo retracement zone and coincides with the resistance zone. Therefore, it is not easy to break this zone immediately.
We see clearly that H1 and H4 are in an uptrend
With important keylevel: 2037-2039 and 2028-2030.
Today's scenario for gold price:
1/ In case the gold price breaks through the 2051 zone, the next targets are: 2053-2057 and 2062-2065.
If this happens, it could happen in the US session, then the potential selling zone is 2056-2057 or 2062-2065. But I think the odds of this scenario happening are not high.
2/ The case I look forward to the most is that today the gold price may move sideways and not break 2051. Therefore, I suggest the buy/sell zone:
Buy: 2035-2037-2038-2039.
Sell: 2048-2049-2051.
Trade closed: target reached
Signals for profit today:1 Buy Order: Gold Profit 90pips from 2048-2039.
2 Sell Order: Gold Profit 80pips from 2039-2047
Perfect analysis.
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I wish you a nice weekend. We will continue to make profits next week
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