Akfx369

Bullish XAUUSD, Weekly analysis, July 27-31

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi traders,

Hope you all trading well in the unstoppable bulls in XAUUSD ,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to XAUUSD price action analysis, this week i present the analysis with Weekly chart,
Analysis also done with Monthly chart, A strong resistance line passing through in the price of 1936 right from 2011 . perhaps if it get breaks price action indicates 1972 would be the bulls will get tired.. let see.
However Gold is going to see its new high price this week..

If anybody request , i can share the Monthly analysis chart ..

Note - Price action analysis done is only for education purpose, not the final result of how price moves..

Thank you

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