GOLD → Retest 4000. Pullback before a breakout and rise to 4100?

6 giorni fa

XAUUSD , after a sharp sell-off and testing of the 3950 support zone, is aiming to return to the $4000 level on Friday, preparing for its eighth consecutive week in positive territory.



The Senate adjourned for the weekend until Tuesday, postponing a decision on the shutdown. John Williams supported further rate cuts, Mary Daly confirmed her readiness for cuts, despite the fact that Powell did not say anything particularly interesting about policy on Thursday.
The upward trend in gold remains unchanged. The potential for growth to new highs remains, provided the shutdown continues and the Fed maintains its soft policy. The $4000 level remains a key psychological support.

Resistance levels: 4000, 4059, 4075
Support levels: 3986, 3980, 3968

The 4000 zone may prove to be strong resistance, so expect a battle (consolidation or trading range in this zone), during which the price may form a pullback to 3980-3970 before returning to 4K for a breakout attempt.

Best regards, R. Linda!

6 giorni fa

Trade attivo

6 giorni fa

Trade chiuso: obiettivo raggiunto