Weekly Analysis for gold chart XAU/USD

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Trade Ideas:
1. Bearish Setup (if price stays below resistance zones)

Sell Zone: 3350–3377 (Daily + 4H resistance cluster)

Entry: Look for bearish candlestick patterns (like engulfing, pin bars) around 3350–3370.

Stop Loss: Above 3377 (safe distance, maybe 3385).

Take Profit 1: 3275 (Day support)

Take Profit 2: 3265–3243 (next support zones)

2. Bullish Setup (if price holds support and shows strength)

Buy Zone: 3265–3276 (4H and Day Support)

Entry: Wait for bullish confirmation (strong bullish candle, or bullish divergence).

Stop Loss: Below 3260 (like 3255 or lower).

Take Profit 1: 3337–3350 (Minor resistance)

Take Profit 2: 3377 (4H resistance top)


Notes
Watch carefully

If 3265 breaks cleanly, expect a deeper drop toward 3005–3024 (Weekly support).

If 3377 breaks strongly, bulls could push toward 3424–3435 or even 3503 (Monthly resistance).

Volume confirmation is important — watch for increasing volume on breakouts.

Use EMA 50/200 crossovers for intraday confirmation if you scalp.




Penafian

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