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
Be sure to like this post and let me know what you think in the comments below!
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
Be sure to like this post and let me know what you think in the comments below!
Comment:
FOMC could trigger buy after US market close
