**XAUUSD — Bulls Take Control**
🔺Gold closed near $4,342 after a 7% gain this week. This was driven by weak US employment data a weaker dollar and reduced expectations of further Federal Reserve tightening.
🔺We anticipate a potential price drop from the region we have shown. This could be a minor correction or a major one depending on the price’s behaviour next week.
🔺The next possibility is that the price may continue to fall from the Friday closing price or retest $4,390. If this region is invalidated, we still believe the price could fall from the $4,430 region.
🔺The structure remains bullish above $4,300–$4,320. A confirmed breakout above $4,390 could open the way towards $4,450 and $4,500. However, rejection from $4,370–$4,390 may trigger a healthy pullback before the next advance.
🔺If the price respects our entry, there are two potential take profit points: $4,255 and $4,150.
🔺We welcome your feedback and analysis. If you disagree, please share your perspective to provide alternative viewpoints.
Best regards,
The SetupsFX_ Team ❤️🏆
🔺Gold closed near $4,342 after a 7% gain this week. This was driven by weak US employment data a weaker dollar and reduced expectations of further Federal Reserve tightening.
🔺We anticipate a potential price drop from the region we have shown. This could be a minor correction or a major one depending on the price’s behaviour next week.
🔺The next possibility is that the price may continue to fall from the Friday closing price or retest $4,390. If this region is invalidated, we still believe the price could fall from the $4,430 region.
🔺The structure remains bullish above $4,300–$4,320. A confirmed breakout above $4,390 could open the way towards $4,450 and $4,500. However, rejection from $4,370–$4,390 may trigger a healthy pullback before the next advance.
🔺If the price respects our entry, there are two potential take profit points: $4,255 and $4,150.
🔺We welcome your feedback and analysis. If you disagree, please share your perspective to provide alternative viewpoints.
Best regards,
The SetupsFX_ Team ❤️🏆
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Looking for intraday signals on Forex and XAUUSD (GOLD) with 98% Win Rate In Gold And 83% Win Rate In Forex!
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.