Gold closed at $1,855,400 last week, in an absolute uptrend, having risen from a low of $1804 last month.
Events that directly affect XAUUSD next week
1. Fed Chairman Powell testifies
2. ADP Non-Farm Employment Change
3. Fed Chairman Powell testifies
4. Job opportunity JOLTS
5. Non-Farm Employment Change (Most Important)
On the H4 frame, XAUUSD has broken out of the strong 200 EMA and turned up, confirming an absolute uptrend, there is a possibility that gold will continue to rise strongly and overcome the resistance of 1865 or even 1875 - 1880. There are very few remaining selling opportunities for investors in the coming week
Support Level: 1.817 - 1820.5 - 1828.8
Resistance levels: 1.863 - 1866 - 1875 - 1880
Recommendations for trading gold:
Buy 1834-1836
Stop Loss: 1832
Take profit 1: 1845
Take Profit 2:1855
Take profit 3: 1860
sell 1865-1867
Stop Loss: 1869
Take profit 1: 1850
Take profit 2:1845
Take profit 3: 1840
Note: Always set TP and SL in all trading cases
Events that directly affect XAUUSD next week
1. Fed Chairman Powell testifies
2. ADP Non-Farm Employment Change
3. Fed Chairman Powell testifies
4. Job opportunity JOLTS
5. Non-Farm Employment Change (Most Important)
On the H4 frame, XAUUSD has broken out of the strong 200 EMA and turned up, confirming an absolute uptrend, there is a possibility that gold will continue to rise strongly and overcome the resistance of 1865 or even 1875 - 1880. There are very few remaining selling opportunities for investors in the coming week
Support Level: 1.817 - 1820.5 - 1828.8
Resistance levels: 1.863 - 1866 - 1875 - 1880
Recommendations for trading gold:
Buy 1834-1836
Stop Loss: 1832
Take profit 1: 1845
Take Profit 2:1855
Take profit 3: 1860
sell 1865-1867
Stop Loss: 1869
Take profit 1: 1850
Take profit 2:1845
Take profit 3: 1840
Note: Always set TP and SL in all trading cases
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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.
Related publications
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.