#XAUUSD 1D Outlook
Gold is coiling inside a symmetrical triangle breakout looks imminent.
A bullish push above 3360 could send price toward 3720+
Current: 3337
Breakout Target: 3720+
If support breaks, expect drop toward 3200–3100.
#forex
Gold prices rose by more than 1% on Friday as investors sought safe-haven assets following U.S. President Trump's announcement of new tariff measures! Gold prices accelerated higher, breaking above the upper trend line of the triangle pattern on the daily chart (3,327 USD) and overcoming the next key resistance level at 3,350 USD (this level is both the 50% Fibonacci retracement of the 3,452 USD to 3,245 USD range and the kijun-sen line on the daily chart). The upward momentum for gold remains strong! It is expected that gold will continue its upward trend when trading resumes on Monday! Strategy: If gold pulls back to 3,345-50, continue to enter Buy positions. TP: 3,375 (Investors should closely monitor weekend news developments) Key economic data to watch next week:
Tuesday: U.S. CPI, New York Fed Manufacturing Index
Wednesday: U.S. PPI
Thursday: U.S. Retail Sales, Philadelphia Fed Manufacturing Index, Weekly Initial Jobless Claims
Friday: U.S. Housing Starts, University of Michigan Consumer Sentiment Index (Preliminary) #XAUUSD #GOLD
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XAUUSD Gold Technical Analysis Chart Update..📈📉
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Gold chart time frame 4 hours: A very strong block order in the area 3286-3276. In this area, the market stopped hunting and turned up. To continue in the coming week, it should first grow to 3308-3320. Then we will probably have a decline to around 3100.
XAUUSD Gold Next Week Expected Move Technical Analysis Chart Update..📉📈
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