XAUUSD Daily Projection 11/04/2023
XAUUSD
GOLD is currently in the range 1988 - 1997 where the support 1978 - 1988 is the determining support whether Loco can maintain its uptrend or not. The price was rejected yesterday at this support and most likely GOLD will try to enter this range area again today until tomorrow's CPI. 1996 - 2003 will be a good selling area considering downtrend is still going on with GOLD eventhough, me personaly will wait till theres a Lower High Confirmation before we execute the market.
R3 2028.282
R2 2019.860
R1 2003.728
PV 1996.578
S1 1987.934
S2 1977.788
S3 1971.315
GOLD is currently in the range 1988 - 1997 where the support 1978 - 1988 is the determining support whether Loco can maintain its uptrend or not. The price was rejected yesterday at this support and most likely GOLD will try to enter this range area again today until tomorrow's CPI. 1996 - 2003 will be a good selling area considering downtrend is still going on with GOLD eventhough, me personaly will wait till theres a Lower High Confirmation before we execute the market.
R3 2028.282
R2 2019.860
R1 2003.728
PV 1996.578
S1 1987.934
S2 1977.788
S3 1971.315
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