XAUUS GOLD ROCKET 04.12.22 WEEKLY ANALYSIS

XAUUSD Rocket Again

Technical Reason For Short Term Fall and Bullish

1. Single Candlestick Pattern Confirm the Hanging Man and tends to ShortS Sell and retest the zone 1760-1770

2. W patte Confirm the breakout in 1800 and tends to bullish and make Long Target of 1880 and short Target of 1815

Fundamental Reason

1. DXY sitted around the 104 which is Major Support and Tends to fall eas target of 97.4


2. When dxy retest a Higher of 106 then Gold retest 1760-1770 and make a Higher High

Overall Possible Outcomes

XAUUSD BUY @ 1760-1770

SL 1730

TP 1880