GOLD XAUUSD WEEKLY OUTLOOK
Hi Traders , Hope you had a good start to the week,
As per my Sundays analysis I did enter a buy position early hours of Monday at 1846 . I sold at 1862.Gold price did then push further up after a brief pull back and created a higher high at 1869.
So, moving forward what do we see? 4 hour still looks bullish and overall there is a uptrend 1hr is continuing to print higher highs. im looking at 1888 as the next target 4hr will likely test 200 day ema and continue the uptrend . On the flip side however and there is always a flip side, Gold traders are very well versed in this roller coaster :). Gold could break below this upward channel and fall down to 1841.
4hr engulfing and Stocashtics on daily and 4hr are telling me price will continue upwards.
I wont re-enter this week as that would just be pure Greed...
DISCLAIMER
I am not a financial advisor and this is not financial advise. Each individual is responsible for his/her own investments and trades.
Please do you own analysis and due diligence before entering trades.
As per my Sundays analysis I did enter a buy position early hours of Monday at 1846 . I sold at 1862.Gold price did then push further up after a brief pull back and created a higher high at 1869.
So, moving forward what do we see? 4 hour still looks bullish and overall there is a uptrend 1hr is continuing to print higher highs. im looking at 1888 as the next target 4hr will likely test 200 day ema and continue the uptrend . On the flip side however and there is always a flip side, Gold traders are very well versed in this roller coaster :). Gold could break below this upward channel and fall down to 1841.
4hr engulfing and Stocashtics on daily and 4hr are telling me price will continue upwards.
I wont re-enter this week as that would just be pure Greed...
DISCLAIMER
I am not a financial advisor and this is not financial advise. Each individual is responsible for his/her own investments and trades.
Please do you own analysis and due diligence before entering trades.
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.