Gold (XAUUSD) Finds a New Launch Pad to Attack 2068.0

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – April 13

Gold Bulls have resiliently burned through all resistance levels above the demand zone of 1612.0. A new launchpad seems to be the final approach to strike 2068.0

Gold Key Levels

Supply Levels: 1958.0, 2068.0, 2100
Demand Levels: 1688.0, 1804.0, 1693.0

Gold Finds a New Launch Pad to Attack 2068.0

Gold Long-Term Trend: Bullish

Ever since the Bullish reversal in November, the Gold Buyers have used previous resistance levels as well as order blocks to engineer an ascent in the market. In February, after the Buyers failed to break the resistance level of 1958.0, the price plunged to the new support level of 1804.0 to gain more energy for another strike. The 180.40 support level functioned as a resistance level in August 2022, when the market was in a downtrend.

At the touch of the support level of 1804.0 this year, the Stochastic indicated that the market was oversold. The persistence of the Bulls’ buying pressure fostered the launch of the price immediately. On the 17th of March, the resistance level of 1959.0 was broken.

Gold Finds a New Launch Pad to Attack 2068.0Gold Short-Term Trend: Bullish

The market used a bullish order block close to the supply level to force through a breakout. The market has launched from a new bullish order block below 2068.0 in an attempt for a breakout.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *