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Gold Next Move | Xauusd Weekly Analysis by Forexustaad #gold #xauusd #xauusdanalysistoday
Gold Next Move | Xauusd Weekly Analysis by Forexustaad #gold #xauusd #xauusdanalysistoday
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n this video, I will be doing a weekly technical analysis of gold (XAU/USD). I will be looking at the price action on the daily, weekly, and monthly time frames. I will also be discussing the key support and resistance levels, as well as the potential trading opportunities.
The price of gold has been consolidating in a range for the past few weeks. The bulls are trying to push the price higher, but the bears are also defending the resistance level. If the bulls can break through the resistance level, the price could move up to the next target at $2,000. However, if the bears can push the price below the support level, the price could move down to the next target at $1,900.
I will be keeping an eye on the price action and will update you on my thoughts in the next video.
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Risk Disclaimer:
This program is for educational purposes only
This program is not a signal service. Nor is it investment advice. There is more risk in trading and you can lose more than your investment. The information provided on this platform is for educational purposes only, but remember that it is not a licensed trainer. It only shares what it has learned, understood, and gained experience in the trading industry over the years. The method described herein does not guarantee any results and the Author can not be held responsible for any losses or damages in any account. Therefore, whatever is taught and taught here should be practiced only on a trial-demo account. Practice all trade setups on a demo account
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