Rehan Qadeer

[Rehan Qadeer @QadeerRehan12]

@Rashid971x 12

[XAUUSD (Gold) - Traders @TradersXauusd]

Technical analysis suggests a continuation of the rebound, but key resistance has not yet been effectively broken.

Technical Analysis: Although gold rebounded strongly on Friday, it has not completely escaped the bearish pattern.

Currently, gold prices are encountering significant resistance around $4560, and a decisive breakout has not yet been achieved in the short term. The Relative Strength Index (RSI) still shows bearish momentum, but it has broken through the previous high, suggesting that bearish forces are weakening.

If gold prices can break through Thursday's high of $4544, they are expected to further challenge the $4605 area where the 100-day Simple Moving Average (SMA) is located. This will become the next important resistance level. If it continues to rise, the market will focus on the March 20 high of $4736 and the $4800 level.

On the downside, if gold prices break below $4400 again on the daily chart, the next support level will be the March 24 low of $4306, followed by the March 23 low of $4098. This means that the $4400 level is becoming a crucial watershed in the short-term battle between bulls and bears. The market remains in a "waiting for confirmation" phase; next week's focus will be on non-farm payrolls and Powell's remarks.

Although gold prices rebounded this week, the overall market has not yet reached a consensus on its direction.

Looking at next week's schedule, market focus will shift to US economic data and speeches by Federal Reserve officials. While the Easter holiday will shorten the trading week, a dense release of important data is scheduled, including JOLTS job openings, consumer confidence, ADP employment data, retail sales, ISM manufacturing PMI, initial jobless claims, and the most closely watched US non-farm payrolls report.

In addition, Federal Reserve Chairman Powell's public discussion at Harvard University will also be closely watched. For gold, these data and speeches will determine the market's latest assessment of the US economy, inflation, and monetary policy path, thus affecting whether gold prices can continue to rebound from their current level. #XAUUSD #NFP #FED

[Rehan Qadeer @QadeerRehan12]

@RajaBanks Tu Raja nahi Shehzada hai ❤️

[Rehan Qadeer @QadeerRehan12]

@shazlyka U r insane i tell u ❤️😅

[Rehan Qadeer @QadeerRehan12]

@WajSKhan Bhaijaaan class ☺️

[Rehan Qadeer @QadeerRehan12]

@iRaiSaqib @elonmusk You have summed it beautifully. Thats was the major difference

[Rehan Qadeer @QadeerRehan12]

@atifrauf15 Thanday thivo bhaijaan 😂

[Rehan Qadeer @QadeerRehan12]

@atifrauf15 @RajaBanks Raja bhaijaaan ❤️

[Rehan Qadeer @QadeerRehan12]

@Shoaib_Jatt Bhotni k Babar azam ka naam lay.
Os k bhai nay osay audi gift ki thi Hajj say wapsi pa last year. Bari tunay koi khabar di ha. Itna Bugaaz acha nahi hota..

[Rehan Qadeer @QadeerRehan12]

@RajaBanks Seeing you grow everyday give me immense motivation. May Allah pak give you much more sucess.
Kudos

[Wajahat S. Khan @WajSKhan]

Badshah

[Rehan Qadeer @QadeerRehan12]

@HassanAyub82 Ja oyeeee teri bhi kya zindagi ha.. feel pity for you

[TRT World Now @TRTWorldNow]

Pakistan's former FM, Shah Mahmood Qureshi, who was granted bail in "cypher case" by Supreme Court last week, has been manhandled and re-arrested by police

[Rehan Qadeer @QadeerRehan12]

@graynics Jos Butler

[Rehan Qadeer @QadeerRehan12]

@realshoaibmalik That you still wants to play for Pakistan 😅😅

[Rehan Qadeer @QadeerRehan12]

@_FaridKhan Bc andha ha ?
Saaf touch horai ha

[Rehan Qadeer @QadeerRehan12]

@_FaridKhan Sometimes i really feel like you just tweet anything. Sometimes you just need to shut up. Tweeting about his century over and over again wont make him score one. I love this man to the core but he needs to prove himself on a bigger stage. #burinazar

[Rehan Qadeer @QadeerRehan12]

@WajSKhan Middle disorder sir 💔

[Rehan Qadeer @QadeerRehan12]

@fernandowavesfx Not following anybody else apart from you. Genius