GOLD Bye bye ayush ji 👋🖐️👋🤚👋🤚🖐️👋I hope you didn’t have to sell your phone because of going against the gold 🤣 if you haven’t sold your phone please comment.l😬
XAUUSD Right now, gold is in uncharted territory, so there isn’t any proper resistance. But in June 2020, gold had continued to rise for 9 weeks straight, after which a correction came. Based on the current situation, this is the 9th week now. There’s a strong possibility of an upside move on Wednesday and Thursday, and a correction might be seen on Friday.
XAUUSDGOLD The trend is too strong. Gold maintains a strong bullish trend structure, with prices repeatedly hitting record highs. The daily chart closed with a strong bullish candlestick pattern, breaking through the 4100 mark and stabilizing. The 10/7-day moving averages remain upward. Yesterday, the price retraced to the 5-day moving average at 4050, finding support and gradually moving upward. The Bollinger Bands on the short-term four-hour chart are pointing upward, with the price moving along the upper Bollinger Band, and the moving averages forming a golden cross. Trends are king, so continue buying on dips today!
The price has now stabilized above the 4100 level, but facing such strong bulls, bears have no room to maneuver. Although bulls are strong, we must avoid chasing high prices. The current technical outlook has deviated significantly and is subject to constant adjustments. Everyone must pay attention to risk control and be mindful of pullbacks.
Key Points: First Support Level: 4106, Second Support Level: 4090, Third Support Level: 4082
First Resistance Level: 4168, Second Resistance Level: 4190, Third Resistance Level: 4200
GOLD $4200+ by tonight. Even the 3% correction recently was wiped away withing 1.5 days.Gold can stretch as far as $4275 in short term. You'll always have a good time buying gold.