XAUUSD: 300 pips strategy next week!
Hello everyone, let's discuss the performance of XAUUSD this week: will it go up or down? Below are some of my insights and analysis on this yellow metal.
Currently, Gold prices hold near a new all-time high at $2,236 amid sparse trading amid the Easter holiday. Most of the world's major markets remain closed, despite the US posting core PCE inflation, the Federal Reserve's preferred inflation measure.
In the context of XAUUSD stabilizing and consolidating above the breakout resistance level of 2222 USD, the price will continue to grow. The target for this upside is $2050 above the $2055 mark. A break below this resistance will set up a selling strategy for gold buyers.
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Currently, Gold prices hold near a new all-time high at $2,236 amid sparse trading amid the Easter holiday. Most of the world's major markets remain closed, despite the US posting core PCE inflation, the Federal Reserve's preferred inflation measure.
In the context of XAUUSD stabilizing and consolidating above the breakout resistance level of 2222 USD, the price will continue to grow. The target for this upside is $2050 above the $2055 mark. A break below this resistance will set up a selling strategy for gold buyers.
If you find the article interesting and useful, don't forget to leave your likes and comments!
Trade closed: target reached
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