Gold closed at $1,855,400 last week, in an absolute uptrend, having risen from a low of $1804 last month.
Events that directly affect XAUUSD next week
1. Fed Chairman Powell testifies
2. ADP Non-Farm Employment Change
3. Fed Chairman Powell testifies
4. Job opportunity JOLTS
5. Non-Farm Employment Change (Most Important)
On the H4 frame, XAUUSD has broken out of the strong 200 EMA and turned up, confirming an absolute uptrend, there is a possibility that gold will continue to rise strongly and overcome the resistance of 1865 or even 1875 - 1880. There are very few remaining selling opportunities for investors in the coming week
Support Level: 1.817 - 1820.5 - 1828.8
Resistance levels: 1.863 - 1866 - 1875 - 1880
Recommendations for trading gold:
Buy 1834-1836
Stop Loss: 1832
Take profit 1: 1845
Take Profit 2:1855
Take profit 3: 1860
sell 1865-1867
Stop Loss: 1869
Take profit 1: 1850
Take profit 2:1845
Take profit 3: 1840
Note: Always set TP and SL in all trading cases
Events that directly affect XAUUSD next week
1. Fed Chairman Powell testifies
2. ADP Non-Farm Employment Change
3. Fed Chairman Powell testifies
4. Job opportunity JOLTS
5. Non-Farm Employment Change (Most Important)
On the H4 frame, XAUUSD has broken out of the strong 200 EMA and turned up, confirming an absolute uptrend, there is a possibility that gold will continue to rise strongly and overcome the resistance of 1865 or even 1875 - 1880. There are very few remaining selling opportunities for investors in the coming week
Support Level: 1.817 - 1820.5 - 1828.8
Resistance levels: 1.863 - 1866 - 1875 - 1880
Recommendations for trading gold:
Buy 1834-1836
Stop Loss: 1832
Take profit 1: 1845
Take Profit 2:1855
Take profit 3: 1860
sell 1865-1867
Stop Loss: 1869
Take profit 1: 1850
Take profit 2:1845
Take profit 3: 1840
Note: Always set TP and SL in all trading cases
