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XAUUSD|Examining possible scenarios for this week's transactionsHello friends, let's go to the first weekly outlook of 2024 for gold. In the last week, gold moved according to our view and managed to get the prices we wanted. My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend. In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small. With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970). Thank you for following and supporting me, I hope it was useful for you. I wish you a profitable week.
OANDA:XAUUSDShort
by Golden_Star1994
1
XAUUSD a good opportunity for bullshi everybody, gold in H1 is still bullish, as you saw the US dollar index is getting weak in last week ... after a sharp break out at ~1939, and reached to 1960, then started a trading range for 2 consecutive days...actually bulls need more Liquidity, ,so i think after pullback we have a good chance for taking long position (swing trade) entry price 1940 ( a great support level) ... targets : 1950 (round number) - 1960 - and prior high (1963.5) and even 1970 i usually take partial exit in my swing positions... good luck
OANDA:XAUUSDLong
by aliatashi17
Weekly Brakout or “Fall with 10.5… $” again ?As you see , we have strong Levels in Monthly and weekly chart . The first point of view is that “ if Monthly candle closes upper than the highest level , we could see higher levels in the future . I tried Gann Fans and it seems that we have targets about 20.58… or more . Anyway , last night we saw strong resistance to weekly trend line . If we focous more , like in daily and 4h timeframes , we could see range on the top of the “Monthly highest all the time “ area . I have to point of view : 1. We could buy on 10.5 and 9.8 and gain 30 to 50 percent again 2. We could wait untill we see strong Weekly trend line break out and buy in the pullback .
by UnknownUnicorn10176825