XAUUSD Daily Analysis (4h time frame)XAUUSD is moving towards its daily support in the range zone of ( 2390.69 - 2386.5 ). we expect it to move upward to the resistance zone ( 2417.8 - 2412.5 ) as we mentioned in the chart.
Queenichi
Xauusd Weekly Analysis (4H time frame)In daily and 4h time frame the xauusd has been in the descending channel. During the past 147 candle of 4H time frame (the past 32days).
It could not reach a higher price level. It has also hit the Ichimoku support zone seven times in daily time frame and we see weakness in its trend.
According to our last week analysis gold exactly hit it's 2368 resistance which was considered as an important range that caused great drop.
This week, we expect gold to make a move to higher levels again and continue its downward movement to the lower levels that we consider.
In case of breaking the range zone of 2321, the gold will definitely reach to the range of 2209-2289_2212.
Xauusd Weekly Analysis (4H time frame)In the daily time frame xauusd trend is in its downward movement, it is in its support zone (2286) which is a strong support.
After that we expect it to reach to the zones which are mentioned in the chart.
If it loses its support zone (2276), it will definitely reach the 2210 price range.
Xauusd Weekly Analysis (4H time frame)We expect xauusd price continues its downward movement to the support zone (2300 to 2312) and back upward to resistance zone (2374 to 2364). Then the price will fall again to the support range of 2334.
