Goldtrading
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
#Gold #XAUUSD downward movement potential with risk:reward= 5.2 #Gold #XAUUSD downward movement potential with risk:reward= 5.2
Analysis of Gold spot/US Dollar i.e XAUUSD
Time frame:15 minutes
What is the analysis?
Break out on the upper side and reach the target. MACD Is crossing below zero, so we can expect a downtrend movement with risk:Reward=5.2.Sell at 2020 with SL 2035 and target 1871.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
UPDATEWill gold get past $2K?
The rising banking fears have been so significant that even gold, which has been rising sharply in recent days on falling yields, has struggled to get past $2,000. But its appeal as a safe-haven asset and the rallying bond markets suggests it is just a matter of time.
Indeed, the US dollar has continued to weaken against the yen, as the short-end of the yield curve remains under pressure, with US 2-year yields dropping below 3.60% today.
The market is thus betting that we have reached a peak in terms of rate hikes and that from here looser monetary policy should follow.
Keep and eye out for your fundamentals & and pay attention to price action.






















