CFDs on Gold (US$ / OZ)
Updated

Analysis for the next week (XAUUSD)

188
Hello Traders, Happy Weekend.

The market is going to open tonight, As you see the down trend is running, the price is falling like a waterfall.

Now the market is on the support area according to H1 & H4 TimeFrame.
The market is respecting the support area and there is a Trend line support according to D1 TimeFrame.

The market is respecting the Trend line and support area.

According to my analysis gold will drop till 3287 to 3271.
If gold fly, it can fly till 3350 then it will fall.

Stay tune for update.
Kindly share your views and leave positive comments here, Thanks.
Trade active
Gold has dropped 420 pips, you can use breakeven now

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