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Piyasa Stablecoin

Gold prices are expected to rise to $4400-$4500.

Gold prices are expected to rise to $4400-$4500.

Gold OANDA:XAUUSD

On the previous trading day, gold rose to a high of $4304 in the Asian session before falling back. During the NY session, gold broke below the Asian session low, falling to $4223, consistent with market trends. The daily chart closed with a doji, trading above the 60-day moving average. The 5-day and 10-day moving averages are trending upwards, and the MACD indicator shows the fast and slow lines crossing upwards with increasing upward momentum. The daily chart still indicates a bullish trend. Today's weekly chart is likely to close with a significant gain, and gold's upward trend is likely to continue next week, potentially reaching the weekly Bollinger Band middle line around $4500.

On the hourly chart, gold rebounded after retracing to $4230. The KDJ indicator has formed a golden cross, and the accompanying indicators are turning upwards. The MACD indicator shows decreasing downward momentum, also indicating a short-term bullish bias. Considering the daily chart, the recommended strategy for gold is to buy on dips. Support levels to watch are $4220 and the $4200 level.

After the NFP data release, market fluctuations will widen, rendering short-term strategies ineffective. Please do not use them!

My recommendations:
BUY: 4225~4220 SL: 4210 TP: 4260-4280

SELL: 4300~4305 SL: 4315 TP: 4260-4250

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