GOLD(XAUUSD) -Weekly Forecast,Technical Analysis & Trading Ideas

💡 Daily Timeframe:

As the 4CastMachine AI forecasted, the price began its decline towards the $3,000 support.
At the support area of 3000, the up trend line will also prevent further declines.
If this area is broken, the price will decline to the support area of 2789.95.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.

💡 H4 Timeframe:

Gold started its decline when it hit the 3167 resistance.
The uptrend is broken, and price is in an impulse wave.
This decline will continue, but the support area of 3000 and uptrend line could trigger a resumption of uptrend.

💡 H1 Timeframe:

If the price enters the sell zone with a corrective wave, we will wait for the price to reject from that area.
If we see a price rejection from the sell zone, we can sell.

H1 Forecast:

Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs

__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,

. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)

🙏 Your support is appreciated!

Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Have a successful week,
ForecastCity Support Team

ForecastCity

High Accurate forecasts by 4CastMachine AI

✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...

👉Follow.ForecastCity.com

FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI

Also on:

Related publications