Greetings, everyone,
XAUUSD
has shown a persistent bullish trend throughout the past week. The preceding downward movement appears to have been a necessary retracement for the market to resume its upward trajectory.
The current trend distinctly favors the bulls, with a pivotal zone reestablishing itself as support within the range of 1980-1975. I've identified three potential buy zones for the upcoming week, aiming to capitalize on the bullish momentum.
The designated zones are:
- 1976 - 1973
- 1967 - 1963
- 1946 - 1944 (although I anticipate monitoring primarily the first two zones, given the market dynamics)
In my perspective, the subsequent daily resistance zone stands at 2015-2020. I'm envisioning two plausible scenarios that I anticipate unfolding in the week ahead.
I trust you find this technical analysis insightful. For more refined zone details, please refer to my other ideas. Remember to follow and boost if you align with this analysis! 📈✨
Trade smart, not hard - do your own analysis before entering a trade.
Like 👉🏻 Share 👉🏻 Follow 💯
XAUUSD
has shown a persistent bullish trend throughout the past week. The preceding downward movement appears to have been a necessary retracement for the market to resume its upward trajectory. The current trend distinctly favors the bulls, with a pivotal zone reestablishing itself as support within the range of 1980-1975. I've identified three potential buy zones for the upcoming week, aiming to capitalize on the bullish momentum.
The designated zones are:
- 1976 - 1973
- 1967 - 1963
- 1946 - 1944 (although I anticipate monitoring primarily the first two zones, given the market dynamics)
In my perspective, the subsequent daily resistance zone stands at 2015-2020. I'm envisioning two plausible scenarios that I anticipate unfolding in the week ahead.
I trust you find this technical analysis insightful. For more refined zone details, please refer to my other ideas. Remember to follow and boost if you align with this analysis! 📈✨
Trade smart, not hard - do your own analysis before entering a trade.
Like 👉🏻 Share 👉🏻 Follow 💯