GOLD XAUUSD WEEKLY OUTLOOK

Hi Traders , Hope you had a good start to the week,

As per my Sundays analysis I did enter a buy position early hours of Monday at 1846 . I sold at 1862.Gold price did then push further up after a brief pull back and created a higher high at 1869.

So, moving forward what do we see? 4 hour still looks bullish and overall there is a uptrend 1hr is continuing to print higher highs. im looking at 1888 as the next target 4hr will likely test 200 day ema and continue the uptrend . On the flip side however and there is always a flip side, Gold traders are very well versed in this roller coaster :). Gold could break below this upward channel and fall down to 1841.
4hr engulfing and Stocashtics on daily and 4hr are telling me price will continue upwards.

I wont re-enter this week as that would just be pure Greed...

DISCLAIMER
I am not a financial advisor and this is not financial advise. Each individual is responsible for his/her own investments and trades.
Please do you own analysis and due diligence before entering trades.