Mahtab_Tradia

XAUUSD Weekly Chart Analysis

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
As you see, in the Weekly time frame we have an uptrend which is in the correction phase for now. Price has retraced more than 50% and is approaching to the strong support levels (1695.59, 1682.00 & 1657.00). IF this week’s candle closes below 1700, I expect the price to fall around one of the mentioned support levels and also retesting the ascending trend line (Be careful about the support level which is closer to the ascending trend line ). Moreover, MACD shows two positive divergences which is a very strong bullish signal for us. If there was any rejection by the support levels in lower time frames we can enter long after the first touch on the trend line .
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Comments

Dear Mahtab_Tradia By looking into your chart analysis, which give me how you're amazing your idea work in regard of trade decision. Sorry to say I had been inspired to learn to be a gold trader since over 10 years ago. So far, it is a looser. What my trade idea now of the present trend in believe, is all political and manipulation drive by US Fed and central banks in order to protect US$ and national security. Surely when Gold price has been melted down over 20%. Can't think of US has lost or no Gold reserves. For the future to come, the trend is still in leg down. Thanks for your analysis education. Which will awake me for the short time frame trade. If possible, your good advice from you how to trade wiser in gold. Thank you.
+6 Reply
totally agree important support zone thanks for sharing madam
+2 Reply
Mahtab_Tradia MMBTtrader
@MMBTtrader Appreciate your support 😊🙏🏻
Reply
1660 is expected and after that 1550.. btw nice TA
+1 Reply
Thanks for sharing your idea.
+1 Reply
Mahtab_Tradia Daniel_sha
@Daniel_sha 🙏🏼☺️
Reply
Very nice for your comment
#Thank
+1 Reply
Mahtab_Tradia luckyrich7896
@luckyrich7896 your welcome
Reply
Nice work - some key areas around there. Here's a post we shared, supporting your bias -
+1 Reply
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