XAU/USD Adapting Strategies: This Week's Market Outlook

ที่อัปเดต:
Hello Everyone,

This week, a more cautious strategy is required. We've revised our analysis, indicating that the sole circumstance under which we'd consider a confident long position in the coming days is if the criteria above 2003 are met. Conversely, we'll exercise patience to enter the market at a discounted price, waiting for a clear bottoming-out signal. Additionally, throughout the week, significant news is expected to exert substantial influence on price levels.


TradeWithTheTrend3344



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บันทึก
TP @ 2016 for now for XAU 1998 is due for a test, let's see how far it goes!
บันทึก
Key support levels include 1-hour at 2013.361, 4-hour at 2012.85, and daily at 2003.308. The weekly updated pivot point stands at 1991.93. Currently, indications suggest a high likelihood of a bullish continuation. In case of a downturn, the weekly solid support is at 1979.46. Good luck!
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Let's be patient so far 1h and 4h support levels are holding up well!
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What a solid reaction from the 4h support!
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Take Profit reached @ 2038
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Should the price stay above 2035.078, we can anticipate additional upward movement. While a decline to 2027 is possible, it's crucial that the price doesn't settle below 2035.78 for us to remain optimistic about the bullish upside!
บันทึก
What a great way to start Dec. For those that took a buy @ 2036 take profit @ 2059!
บันทึก
Happy weekend, everyone! Just a quick market update: Strong resistance ahead at 2074.456. Enjoy your weekend!
Pivot PointsSupport and ResistanceTrend Analysis

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