Gold (XAUUSD) Weekly Forecast | Starting Price: $3200
Gold closed last week at $3200, marking a strong bullish sentiment in the market. As the new week opens, we anticipate initial consolidation followed by potential upward momentum.
Key Technical Highlights:
ATR Levels: Suggest volatility remains elevated; expect swings within $3190 – $3280 range.
Buy Zone: $3185 – $3205 (ideal for short-term entries)
Sell Zone: $3275 – $3295 (attractive area for potential reversals)
RSI: Currently near 60 on 1H; no overbought signal yet.
VWAP: Price currently trading just above VWAP – indicating bullish pressure.
Scenarios:
A break above $3265 could lead to a test of $3300
Failure to hold $3200 may open a retracement toward $3170
Trading Bias: Mildly Bullish
Time Horizon: Next 12 hours
Risk Management: SL below $3170 | TP near $3290 for buy positions
Analysis by Mohsen Mozafari Nezhad
Gold closed last week at $3200, marking a strong bullish sentiment in the market. As the new week opens, we anticipate initial consolidation followed by potential upward momentum.
Key Technical Highlights:
ATR Levels: Suggest volatility remains elevated; expect swings within $3190 – $3280 range.
Buy Zone: $3185 – $3205 (ideal for short-term entries)
Sell Zone: $3275 – $3295 (attractive area for potential reversals)
RSI: Currently near 60 on 1H; no overbought signal yet.
VWAP: Price currently trading just above VWAP – indicating bullish pressure.
Scenarios:
A break above $3265 could lead to a test of $3300
Failure to hold $3200 may open a retracement toward $3170
Trading Bias: Mildly Bullish
Time Horizon: Next 12 hours
Risk Management: SL below $3170 | TP near $3290 for buy positions
Analysis by Mohsen Mozafari Nezhad
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.