XAUUSD Daily AnalysisAccording to our previous analysis which showed the exact movement of Gold (based on ichimoku ), the trend of gold is still upward.
So we have correction on chart and expecting to move from the range of 2761 to the first support area ( 2698-2688 ) and then move to higher resistance zones ( 2783- 2788 ) and ( 2814-2819 ).
Note:
*If the 2761 range (4-hour kijensen) is broken, we expect our expected downward correction from the 2783-2788 range to the the support zones.
*if the support of 2698-2688 is broken, the next support zone is (2640-2629).
*We trade at all these levels with proper mm :)
Queenichi
XAUUSD Daily AnalysisAccording to our last week analysis Gold was still bullish in the past week and breaks our resistance zone.
Based on our analysis ( Ichimoku ) gold is still in its upward movement and we expect deep retracement from 2766 zone.
Consider this support zone (2711-2717) and these levels : 2683, 2649 and 2637 as a definite target in future downward movement, so these are valuable levels to trade.
XAUUSD Daily AnalysisBased on our previous analysis, Xauusd is still moves in its long term uptrend.
This week we expect retracement of xauusd. If the price doesn't break its resistance zone of 2671, we will see the downward movement to these zones (2616-2577) and again upward movement to 2745 and 2815.
This week be careful about geopolitical news!
XAUUSD Daily Analysis (4H time frame)We expected gold to rise to 2563 and it happened, gold broke above this range. We saw the trend of gold as bullish generally, and now it is at 2585 levels.
it looks like gold is going to reach these zones 2593, 2608 and 2621, we expect small correction from this 2593 but deep retracement from 2608.
And it should be said that according to Ichimoku, the trend of gold in the long term is still upward.
XAUUSD 4H AnalysisWe expect Xauusd to reach the support zones of 2468 and 2455, which are its trading targets and (if this ranges are broken, it will touch its third target in the range of 2421-2416.)
After that, it continues upward movement to resistance zones of 2524-2511.
There are a lot of excellent trading opportunities in all these supports and resistances.
After breaking these levels, chart will be analyzed and updated.
XAUUSD Daily AnalysisWe expect a reaction on the following resistance zones:
2436
2446
2466
And support zones:
2384
2373
2361
We expect it to move according to our two step movement.
If one of these levels is broken, the analysis will be updated and we will follow the analysis, and will take a reverse trade at the next level.
Xauusd Weekly Analysis (4H time frame)In daily and 4h time frame the xauusd has been in the descending channel. During the past 147 candle of 4H time frame (the past 32days).
It could not reach a higher price level. It has also hit the Ichimoku support zone seven times in daily time frame and we see weakness in its trend.
According to our last week analysis gold exactly hit it's 2368 resistance which was considered as an important range that caused great drop.
This week, we expect gold to make a move to higher levels again and continue its downward movement to the lower levels that we consider.
In case of breaking the range zone of 2321, the gold will definitely reach to the range of 2209-2289_2212.
Xauusd Weekly Analysis (4H time frame)In the daily time frame xauusd trend is in its downward movement, it is in its support zone (2286) which is a strong support.
After that we expect it to reach to the zones which are mentioned in the chart.
If it loses its support zone (2276), it will definitely reach the 2210 price range.