Happy weekend — wishing you all rest, positivity, and preparation for the week ahead.
CFDs on Gold (US$ / OZ) forum
Happy weekend — wishing you all rest, positivity, and preparation for the week ahead.
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Gold prices closed slightly higher on the weekly chart, maintaining a strong bullish trend.
After briefly dipping to 3631 on Friday, the index quickly rebounded, showing a gradual upward trend.
The daily chart closed with a large, unbroken bullish candlestick.
Despite some short-term pullbacks, the bullish trend remains intact, and bullish sentiment remains optimistic for next week.
On the 4-hour chart, the moving averages formed another golden cross, and the price continued to rise, breaking through the midline, showing strong momentum.
However, the Bollinger Bands have not yet opened, making direct buying difficult.
Following support at 3676-72 and 3661-59, consider buying based on the strength of the pullback, and then gradually looking towards 3695 and 3708.Idea: Next Monday, gold prices will …
Idea: Gold has returned to its upwar…
Bullish Case: If the market opens above 3685–3690 and holds, we could see 3710 → 3730
Bearish Case: If the market opens with a gap down or drops below 3650, then 3620 and 3580 may be tested again
👉 Safe Trading Zones
Buy Setup: Around 3650–3660, with SL 3620, TP 3695 / 3710
Sell Setup: Around 3695–3710 if rejection happens, with SL 3725, TP 3660 / 3640.
• Support and resistance are the foundation of trading.
• Entries near these zones improve accuracy and reduce risk.
• Ignoring them often leads to emotional and losing trades.
• Discipline means waiting for price to reach your levels, not chasing it.
👉 Growth in trading starts with respecting structure.
#Trading #Forex #Gold #XAUUSD #Discipline #Mindset
Comprehensive Analysis of Gold Price Trends Next Monday
Idea: Comprehensive Analysis of Gold…
Idea: Comprehensive Analysis of Gold…
Comprehensive Analysis of Gold Price Trends Next Monday