Ideas For XAUUSD / GOLD
GOLD → Funadametal factors can bring the price down
AntiScam Protection: Check links and contacts! Gold closes this week in the red zone with -0.27%. The metal is in a retracement or technical pullback phase, the target of which could be the support of the 1981 range.
Since we have a strong uptrend, we prioritize the scenario to buy gold.
The price forms a sideways range of 2048 - 1981. A false break-down of the resistance sets the price down to the area of 2000, and the next target is 1981.
The moving averages are showing an active bullish trend.
Levels, increasing panic in the market: 2010, 2000: 1981. In these areas an increase in volatility and a surge in volumes is possible.
Strong support: 2010, 2000, 1981.
Strong resistance: 2025, 2032, 2048. I think the gold will continue the correction to 2000 and then to 1981 this week. But as long as the bullish trend persists, I will expect gold to continue to show a bullish direction over the medium and long term
#XAUUSD
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