XAUUSD Potential Buy

DollarYenQueen Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
There is potential for gold to continue its upward trend and push up 30 more pips from current pricing area before seeing a steep retracement back downwards. A move forward may be triggered by tomorrow's USD GDP announcement as well, which is expected to temporarily weaken the US dollar . Current MA Indicators are still showing strong signs of bullish movement.

I have based my analysis on the last time XAUUSD saw current price points in April 2022.

Buy Entry: 1948.00
Targets: 1951.00 | 1953.00 | 1955.00 | 1957.50 | 1963.50 | 1967.00 | 1970.00 | 1972.50 | 1974.50 | 1977.00
Resistance: 1980.00

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