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Xuausdsignal

The gold market will face a key test next weekThe gold market will face a key test next week. The pressure at the round-number mark of $3,000 cannot be underestimated, and the price will inevitably undergo a correction process. Or it may show high fluctuations, with last Friday's retracement low of 2979 as support, and it can repeatedly rise to digest the pressure above. Or there will be a larger correction, and 2956 will become an important support at this time. For investors, the operating strategy for next week remains unchanged in the bullish direction, and the key lies in the grasp of the points. I will still bring you wonderful analysis next week
TVC:GOLD
by Fortune-signal
XAUUSD Gold: After correction, a new ATH?The XAUUSD rose to a high of 2786 on Friday, only 30 pip down than the previous all-time high (ATH). Bulls may be able to enter the market at more advantageous times because the price is currently in a correction phase. The area around 2740 is a key confluence support and may be a desirable entry point. The end of the correction and the possibility of a new ATH would be signaled by a reversal from this region and a break back above 2760. However, the positive view would be halted and caution would be advised going forward if the daily close fell below 2740.
FOREXCOM:XAUUSDLong
by NexusTradesZone
Gold rebounds slightly, still bearishGold rebounded from a slight decline during the day, and it can still be shorted after the rebound. Although the K-line of gold currently maintains a high level of shock in the daily trend, the price is showing signs of gradually moving out of the high-level shock range. The K-line has gradually begun to come under pressure from the short-term moving average. In the short-term trend, the technical form has begun to gradually weaken. signs. The 4-hour trend fell below the early linkage support and then a slight rebound just completed the technical form repair. At present, the short-term moving average continues to diverge downward, and the weak trend in the short-term trend has not changed for the time being. I currently tend to short gold after a rebound.The current short-term resistance of gold has moved down to the 2165-2160 area.
TVC:GOLDShort
by Donald-king