XAUUSD (Gold ) Analysis for next week 17 April - 21 April
We can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the
2000
on the daily bear flag or dropping below that can swing the reversal to supports at
1980
and then $1950. It can form the M here or if it broken can test ath of
2070
which is much less likely as it may go to test
2100
psychological levels . If you see rejection here around
2050
-
2055
, then definitely it may retest at
2007
or
2000
today .
Trade accordingly
2000
on the daily bear flag or dropping below that can swing the reversal to supports at
1980
and then $1950. It can form the M here or if it broken can test ath of
2070
which is much less likely as it may go to test
2100
psychological levels . If you see rejection here around
2050
-
2055
, then definitely it may retest at
2007
or
2000
today . Trade accordingly
Comment:
It's going as planned . Ride it along