FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold general Commentary

On April 24th, the Dow Jones Industrial Average, S&P 500, and Nasdaq all experienced slight gains. However, gold prices fell by 1.2% due to a stronger U.S. dollar and concerns over inflation.

On Gold

Over the past few months, we have been monitoring a chart and successfully hit all our targets.

Recently, we added a new extended long range target at 2055 AXIS, but we anticipated a reset before continuing and identified an updated i.e drop to 1970 and below even 1954 is on the card retracement zone, which price followed accurately.

To determine our entries and exits, we will use our smaller timeframe chart ideas to track the movement level by level. We will continue to buy dips as we have been doing for the past few months. We will keep you informed with regular updates on our active ideas and setups.


We will definitely buy from 1970 and below using proper risk management
Accordingly sell from top to wait for the lower point so do follow us as i will give you a signal based on my chart and analysis but obviously i am availing all points which can only be done in management
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.