Xauusdlong
XAUUSD: Next week!Greetings traders, I have valuable information to share with you ♥
Historically, January and August have been the most profitable months for gold, but in the past 25 years, March has consistently been the least profitable. The recent increase in gold prices can be attributed to a decrease in USD and yields after a significant shift in Fed rates. However, the future of gold prices will be largely influenced by the trajectory of US rates. If the Fed increases rates aggressively and discusses rates reaching 6%, gold prices will likely decrease even further. This could be further intensified by the typical decrease in gold prices during the seasonally weak month of March.
March is seasonally weak for Gold
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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
XAUUSD POSSIBLY GO FOR 2000 again BEST BUYING OPPORTUNITIESgold take a pullback touches trendline.
trendline is a liquidity,
in this position maximum sl and lot of buying order puts on market.
bank try to grab all liquidity and gives original move so best POI zone is on the marked position..
ENTRY PRICE -1964.99
SL -1963.00
TARGET PRICE 1984.00