#XAUUSD Weekly Analysis
#Gold_Global_Club
Date: Monday, 14 April to Friday, 18 April
📊Current Price: $3218
📊Pivot Zone: $3200
Gold remains in a crucial area near the support at $3200. Price action here will shape the next move.
📈Bullish Scenario:
If gold holds above the $3,200 support, it could revisit the resistance area around $3,270–$3,300. A break above this zone opens the path toward the #Supply zone at $3400 /$3430
📉Bearish Scenario:
Failure to hold above $3200 could trigger a deeper correction toward $3166 and potentially test the Demand zone at $2969 – $3003
📊Key Levels to Watch:
📈Resistance: $3270 $3300
📈Supply Zone: $3400 / $3430
📉Support: $3200 / $3166
📉Demand Zone: $2969 / $3003
📊Trend Outlook:
Currently bullish, but watch for key reactions at $3200. A sustained move above resistance confirms continuation; rejection from $3300 may invite sellers.
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#Gold_Global_Club
Date: Monday, 14 April to Friday, 18 April
📊Current Price: $3218
📊Pivot Zone: $3200
Gold remains in a crucial area near the support at $3200. Price action here will shape the next move.
📈Bullish Scenario:
If gold holds above the $3,200 support, it could revisit the resistance area around $3,270–$3,300. A break above this zone opens the path toward the #Supply zone at $3400 /$3430
📉Bearish Scenario:
Failure to hold above $3200 could trigger a deeper correction toward $3166 and potentially test the Demand zone at $2969 – $3003
📊Key Levels to Watch:
📈Resistance: $3270 $3300
📈Supply Zone: $3400 / $3430
📉Support: $3200 / $3166
📉Demand Zone: $2969 / $3003
📊Trend Outlook:
Currently bullish, but watch for key reactions at $3200. A sustained move above resistance confirms continuation; rejection from $3300 may invite sellers.
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comment bullish or bearish?
Thanks ❤
Trade active
#XAUUSD Weekly Update#Gold_Global_Club
Date: Monday, 14 April to Friday, 18 April
📊Current Price: $3296
📊Pivot Zone: $3250
Gold respected the $3200 support, dipping to $3194 before rebounding sharp It reached the first resistance at $3,270 and extended gains to $3295, aligning perfectly with our forecast.
📊Trade Recap:
📉Sell Trade:
📉Entry:$3226
📉Exit: $3294
📉Pip Movement: 320 pips
📈Buy Trade to First Resistance:
📈Entry : $3194
📈First Exit: $3270
📈Pip Movement: 760 pips
📈Buy Trade to Current Price:
📈2nd Entry: $3270
📈2nd Exit: $3296
📈Pip Movement :260 pips
Total Pips Gain : 1340 Pips
📊Key Levels to Watch:
📈Resistance : $3270 / $3300
📈Supply Zone: $3400 / $3430
📉Support : $3245 / $3200
📉Demand Zone : $2969 / $3003
📊Trend Outlook :
The trend remains bullish.
A breakout above $3300 would confirm continuation toward the supply Zone, Conversely, a rejection at this level may invite short-term selling pressure
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comments: bullish or bearish?
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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.