Weekly Analysis with buy/Sell scenarios in Gold/XAUUSD

👋👋👋 Friends, What's your view on Gold???

Last week, global gold prices showed a volatile but upward bias, with spot gold recovering after a dip and ending the week with gains of roughly 1–2%, holding near the $5,000–$5,050 zone;

As per the current scenario we may further expect consolidation in this zone and range bound trading in coming days till it reaches to 4500 or take the liquidity of 5150 level.
If price breaks 5150 level and sustain above, we may see new high. Though the level of 5300 is also critical

Critical notes.

1. 4500, 5150 and 5300 level are critical and should be monitored for high probability trade opportunities.
2. 4500 is very strong level for any buy opportunity with high probability and reward.
3. 5150 is equilibrium level of previous week candle, which makes it critical level of reversal.
4. 5300 is strong level of first quadrant of range. It is critical make or break level.
5. Price will for any or some sort of PD arrays at these level followed by entry models.
6. Most probably price will take liquidity of Key Level/FVG/RDRB level and create MSS/CISD/TS/iFVG in LTF.
7. Price should show rejection/reversal in respective LTF (1h/15m) at Key Level/FVG zone.
8. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF

All these combinations are signalling a high probability and high RnR trade scenario.

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Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.