Xauusd trend analysis for next week

7 Oca 2024

I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices:
Analyzing the H4 timeframe, I found:
Important key levels for next week are: 2035-2039 (bold areas)
1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow)

2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019.

There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis.

Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.

7 Oca 2024

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