Gold prices came under renewed selling pressure and fell to a two-week low near
1
,970 before recovering above
1
,990. Benchmark 10-year US Treasury yields remain in positive territory at around 3.6%, limiting XAU/USD's rally for the time being.
XAUUSD is fighting between the 2005 and 1980 levels. The target may dominate the uptrend in the near term. The nearest support levels will be around 1947 - 1953. The most important resistance right now is around 2005 - 2009 - 2020
Trading recommendation:
Sell xauusd 2009-2008
Stop Loss : 2012
Take profit1 : 2005
Take profit 2: 2000
Take profit 3: 1990
Buy xauusd 1960-1961
Stop Loss : 1956
Take profit1 : 1970
Take Profit 2: 1978
Take profit 3: 1988
Note: Always install Stoploss and Takeprofit to ensure safety in trading
We have gone through 3 weeks of April and there have been many extremely strong fluctuations. There is still 1 week left for the #Tradingview family and investors to reap positive results in the near future.
1
,970 before recovering above
1
,990. Benchmark 10-year US Treasury yields remain in positive territory at around 3.6%, limiting XAU/USD's rally for the time being. XAUUSD is fighting between the 2005 and 1980 levels. The target may dominate the uptrend in the near term. The nearest support levels will be around 1947 - 1953. The most important resistance right now is around 2005 - 2009 - 2020
Trading recommendation:
Sell xauusd 2009-2008
Stop Loss : 2012
Take profit1 : 2005
Take profit 2: 2000
Take profit 3: 1990
Buy xauusd 1960-1961
Stop Loss : 1956
Take profit1 : 1970
Take Profit 2: 1978
Take profit 3: 1988
Note: Always install Stoploss and Takeprofit to ensure safety in trading
We have gone through 3 weeks of April and there have been many extremely strong fluctuations. There is still 1 week left for the #Tradingview family and investors to reap positive results in the near future.
