XAUUSD Weekly Analysis
- Good news for the dollar on Friday may affect gold prices due to the holiday.
- Monthly: candle for the first week shows that gold is doing well.
- Weekly: shows that gold is still in a bullish trend.
- Daily: chart shows a breakout but a possible retest of support on last Thursday.
- 4H chart: a pullback may occur due to dollar news, and gold may need to find support at around 2000. If the price drops below 2000, it could retest 1990 or 80, we can consider selling. with confirmation and candle closed from below 2000 to target 1990 or even 1980. same thing with Buy: support need in bigger timeframe on around 2000 otherwise 1990 or 80 However, confirmation is needed before making any trades.
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