THETA 4H analysis 👀 HEAD & SHOULDER pattern
If close above 0.6687 on 4h time frame ,
It will be good to look for long.
And SL slightly below right shoulder.❌
Tp as mentioned or even higher if big money step in.
Keep watching 👀
Goldprice
GOLD is stuck in the price zone 1950$-1955$Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule.
That said, the US Dollar Index (DXY) reverses the previous day's corrective recovery while taking offers around 104.00, down 0.10% on a day-to-day basis by press time. In doing so, the greenback's measure against six major currencies suffers from a market that bets on the Fed's next move.
I expect gold to return to the 1965-1964 price range and then continue the uptrend that was formed earlier. My expectation is that gold will reach the 1976 zone.
Stoploss will be around 5 prices per order.
Make sure you have TP, SL to win the market.
Gold Bullish Butterfly IdentifiedBullish Butterfly
Buy PRZ - 59282-59338
SL - 50149
Target - 59700/59850/60000
XAUUSD (Gold ) Analysis for next week 17 April - 21 AprilWe can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test TADAWUL:2100 psychological levels . If you see rejection here around TADAWUL:2050 - TSE:2055 , then definitely it may retest at HKEX:2007 or HKEX:2000 today .
Trade accordingly
