Based upon modelling completed this weekend- complete 27-April-2025. There are indications that the downtrend in GOLD which began last week Tuesday was a correction.
In my opinion, and also using ai modelling there is potential for an upswing in the price as of this moment.
Visually I can see a period of consolidation on Friday 25-April-2025. Tests have been run on the ai model I am using and it shows that the system I am using is somewhat accurate, with a chance of being incorrect sometimes.
I personally capitalized on the weakness on Friday and then saw that there was an uptick in the price of GOLD that materialized just at the end of the session last week and gained. I hope to further gains next week with the position I am currently holding over the weekend, however have a STOP in place at my low entry point on Friday just in case my analysis is wrong.
If my analysis is wrong, I will consider going SHORT XAUUSD next week.
In my opinion, and also using ai modelling there is potential for an upswing in the price as of this moment.
Visually I can see a period of consolidation on Friday 25-April-2025. Tests have been run on the ai model I am using and it shows that the system I am using is somewhat accurate, with a chance of being incorrect sometimes.
I personally capitalized on the weakness on Friday and then saw that there was an uptick in the price of GOLD that materialized just at the end of the session last week and gained. I hope to further gains next week with the position I am currently holding over the weekend, however have a STOP in place at my low entry point on Friday just in case my analysis is wrong.
If my analysis is wrong, I will consider going SHORT XAUUSD next week.
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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.