On Thursday, Federal Reserve Chairman Jerome Powell signaled a "temporary hold" at the monetary policy meeting, triggering short-term volatility in the gold market. After hitting a new high of $3,357, the international gold price retreated. In the Asian session, it pulled back to $3,321, dropped to $3,315 and $3,312 in the European session, plunged to $3,284 in the US session, rebounded strongly in the late trading session, and finally closed at around $3,327.
This pullback did not change the strong bullish pattern. The previously given support of the downward channel around $3,290 - $3,285 remains firm. Looking back at Thursday's price movement, the pullback to $3,321 in the Asian session, the drops to $3,315 and $3,312 in the European session, and the plunge to $3,284 in the US session - all these key levels were precisely reflected in the buy entry levels of the analysis strategy provided by the author in Thursday's Asian session. From an in-depth analysis of the technical patterns, the four-hour chart of gold clearly shows a long lower shadow, and it finally closed with a bullish candle, which undoubtedly demonstrates the strong bullish momentum. Currently, the gold market remains firmly in a bullish pattern. Looking ahead to next week, the bulls are expected to move towards the target price of $3,400. With the $3,300 level serving as an important support level, investors may consider going long at this level.
XAUUSD
buy@3300-3310-3320
tp:3340-3360-3380
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
This pullback did not change the strong bullish pattern. The previously given support of the downward channel around $3,290 - $3,285 remains firm. Looking back at Thursday's price movement, the pullback to $3,321 in the Asian session, the drops to $3,315 and $3,312 in the European session, and the plunge to $3,284 in the US session - all these key levels were precisely reflected in the buy entry levels of the analysis strategy provided by the author in Thursday's Asian session. From an in-depth analysis of the technical patterns, the four-hour chart of gold clearly shows a long lower shadow, and it finally closed with a bullish candle, which undoubtedly demonstrates the strong bullish momentum. Currently, the gold market remains firmly in a bullish pattern. Looking ahead to next week, the bulls are expected to move towards the target price of $3,400. With the $3,300 level serving as an important support level, investors may consider going long at this level.
XAUUSD
buy@3300-3310-3320
tp:3340-3360-3380
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
Trade active
Keep making profits. 🎉 The signals have been accurate for a whole week! 🎉 
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.