Xauusd Weekly Analysis
Previous week Gold rejected support and went up breaking every resistance and most probably will retest Ath. Fundamentals are bullish because of Ukraine - Russia and Israel - Palestine situation. Only way Fundamentals will be bearish is if Trump speaks against wars that are happening now.
In Gold fundamentals are more important than Technical analysis so Sell gold only after confirmation on daily chart.
According to analysis if Xauusd rejects resistance @ 2750-2760 than Sell with Traget @ 2710-2720
If market breaks resistance again and went up to touch Ath than wait for daily candle to reject that area and sell with target @ 2750-2740.
Keep in mind that fundamentals are Bullish so even if you selling Gold keep realistic target.
In Gold fundamentals are more important than Technical analysis so Sell gold only after confirmation on daily chart.
According to analysis if Xauusd rejects resistance @ 2750-2760 than Sell with Traget @ 2710-2720
If market breaks resistance again and went up to touch Ath than wait for daily candle to reject that area and sell with target @ 2750-2740.
Keep in mind that fundamentals are Bullish so even if you selling Gold keep realistic target.
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