Prediction Track Record

The current week prediction has five days of bullish panic mixed with solo traditional bull energy. This combination affects traders' psychology, leading to speculation and optimism in the market with an element of unpredictability and high volatility. Strong support zones are identified, such as 1950-1947 and 1968-1966, Horizontal support is 1963, with the latter being the nearest support and an important level to watch for potential pullback corrections while 1954-47 is going to be hard to break this week look for buys near these areas, and price of the target is 2009-2033.

XAU/USD has experienced a technical bounce from downtrend line support and has broken and closed above the downtrend line resistance, suggesting a shift in market sentiment. The current market trend has transitioned from a bearish trend to a more neutral stance. In the weekly structure, there is a pinbar and a bullish engulfing pattern, indicating potential bullish sentiment. The daily structure suggests the formation of a possible inverted head and shoulder pattern, with the right shoulder in the range of 1985-1930.

XAU/USD had been in a triangle squeeze but has finally broken down, indicating a bearish sentiment, But bounced back from bear trendline support 1810. The probabilities of buy for pullback and clear bull reversal when 1865 level broken. The current market trend is bearish, with the weekly structure showing a broken triangle pattern from the level of 1908.4. The daily structure includes a bearish pinbar from 1946, but bull energy is dominant this week.

This week is marked by a lack of planetary energy, which is seen as a "sell" energy. Sell energies are expected to push the market towards supply zones and potentially break the demand zone.