Gold Spot / U.S. Dollar
Long

XAUUSD Trade setup

XAUUSD : The daily close on Friday gave us bullish engulfing bar on a weekly support level.

Our buy trade call on Gold analysis is on the weekly timeframe that’s why our stop loss will be below the weekly candlestick . 1600 weekly support is still holding strong and we still have few days before the monthly close. we are expecting more upside moves before the monthly close.

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