🥇 Gold Price Prediction || Weekly gold forecast 13 to 17 || XAUUSD TECHNICAL ANALYSIS

Understanding the Market Trends: A Comprehensive Analysis

In this video, we will discuss the current market trends and provide valuable insights for traders and investors. Make sure to watch the video till the end to get a complete understanding of the market situation. Don’t forget to subscribe to our channel, like and share the video, and click on the bell icon to receive notifications.

Monday Market Open: Neutral Chance with Potential

As the market opens on Monday, we anticipate a neutral chance with potential for price movement. The market is not showing any signs of a crash, so we can consider taking a sell position. Our expected target is around 1860. This expectation is based on the candlestick chart and the break at 1858. Another break at 1847 will indicate a very strong turn, with a target of 1835. If the market does not break below 1835, it will continue the bullish trend, with a target of 1850 and potentially 1870.

Technical Analysis for the Week

As we move into the next week, the market is expected to experience moments of momentum. It is important to plan your trades accordingly, based on your position and the analysis provided. Fundamental news will not have a significant impact, so focus on technical analysis. Keep an eye on inflation rates and any news related to inflation. Market time on Tuesday may show a downward trend, with a break below 1858 indicating a sell-off. The expected target in this case would be 1855. However, if the market does not break below 1855, it will continue the bullish trend, with a target of 1870 and potentially 1890 as the first and second targets, respectively.

Friday Market Update: Maintaining the Momentum

As we approach the end of the week, there is no significant news that could impact the market. Retail sales and automobile news on Wednesday may have some influence, but overall, the market is expected to maintain its momentum. If the market stays between 1835 and 1900, it will be a safe zone for traders. Risk levels may drop, and the market will remain stable. However, if the market breaks below 1835, the risk level may increase, with potential targets at 1800 and 1780. On the other hand, if the market breaks above 1900, the expected targets would be 1890 and 1900.

Frequently Asked Questions

1. What is the expected target if the market breaks below 1835?

If the market breaks below 1835, the expected target would be around 1800. A further break below 1800 could lead to a target of 1780.

2. What if the market does not break below 1855?

If the market does not break below 1855, it will continue the bullish trend. In this case, the target would be 1870 as the first target and potentially 1890 as the second target.

3. How can I stay updated with daily market updates?

You can join our Telegram channel @4x@gov.in to receive daily free updates. We provide valuable insights and analysis to help you make informed trading decisions.

4. Is it advisable to trade with limited capital?

If you have limited capital, it is important to adjust your risk level accordingly. Take smaller positions and be cautious with your trades. Focus on building your equity gradually and avoid taking excessive risks.

5. How can I improve my trading skills?

To improve your trading skills, it is recommended to undergo normal training and not rely solely on new trades. Gain knowledge and experience through continuous learning, practice, and staying updated with market trends.