FX:XAUUSD   Gold Spot / U.S. Dollar
Expecting Gold to go into a buy on the hourly chart if price 1870.00 is broken. The price has acted as a strong resistance point after Friday's rise due to USD employment rate data release. If the pairing does go into a buy I am expecting retracement at price 1878.00, then to continue onward to resistance. I have based my analysis on the last time Gold saw current price points in May 2022.

Buy Entry: 1870.00
Targets: 1872.50 | 1874.50 | 1877.00 | 1881.00 | 1883.00 | 1885.50
Resistance: 1888.50

Be sure to like this post and let me know what you think in the comments below.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.