The
XAUUSD
market had a positive week, closing above the previous week high, but it remains in the same range it was previously in, which is the 2000–2050 levels. The price bottomed and bounced off the support, which is a positive sign but does not guarantee an easy move upward. On the daily timeframe, the market formed the two doji candles, then it broke above them. It is worth noting that gold is respecting the 2030 level, which is the middle level of the range zone.
XAUUSD
market had a positive week, closing above the previous week high, but it remains in the same range it was previously in, which is the 2000–2050 levels. The price bottomed and bounced off the support, which is a positive sign but does not guarantee an easy move upward. On the daily timeframe, the market formed the two doji candles, then it broke above them. It is worth noting that gold is respecting the 2030 level, which is the middle level of the range zone.