XAUUSD - GOLD - Weakly Analysis #GOLD 🪙 prices have recently shown significant strength, with the precious metal surpassing the $3,000 per troy ounce mark earlier this month. As of today, prices are hovering around this psychological level, reflecting a robust upward trend that began in late 2023. This performance aligns with gold's historical role as a safe-haven asset amid economic and geopolitical uncertainties
📉📈Chart for your reference
Xauusdanalyis
XAUUUSD LONG PROJECTION XAUUSD BUY PROJECTION
Technical and fundamental Reason for the XAUUSD LONG
1. Last week friday 1d candle closed above the support region of 1710 and denotes the bullish monemtum
2. single candle confirmation indicates bullish as it formed teh Inverted Bullish hammer (Bullish move continued)
3. Formed teh Triangle flag patterna and push higher
Fundamental Reason
DXY reached the 20 year High and retest teh montly low of 108.00 in the following days as expexted
Overall Projection
XAUUSD/GOLD BUY @ 1710-1715
Stoploss - 1690
Target - 1769
Target and stoploss will vary according to the market change and it just an financial advive not a confirm call