19042025 | Weekly GOLD TA | Bullish Momentum Continues Towards ATH | Global Uncertainity ? | Will This Upmove Continue

GOLD  19-04-2025

Lets analyse Gold's price action which is making new ATH every week.

GOLD:

Weekly TF:

• Gold went for sideways consolidation for 4 Years (June 2020 to Feb 2024), and gave a Breakout.
• This new trend has run up till now for 1 year (Feb 2024 to March 2025).
• Last two weeks Gold saw a good run up towards new All Time High.
• Gold formed two back to back bullish candle with good range and close near by week's high.
• Gold is now making HH-HL formation for last two weeks and all above facts shows bullishness in weekly Timeframe.
• Gold is now nearby channel's high which will act as resistance for sometime.
• So we can expect Gold to move sideways for next week and to form inside candle in weekly.
• Gold has next resistance at 3311, 3490.

Daily TF:

• From 2025 a new intermediate uptrend has started and it is going on.
• Gold has a pattern of sideways consolidation and then BO to move higher.
• We have seen this in weekly TF explained above (4Yrs sideways, now 1yr upmove)
• After a sideways movement from Feb 2025 till March 2025, Gold has given BO at 2950.
• After BO, gold has retested this BO level 2950 around 07042025 which is also 61.8% Fibo level.
• Now gold has retraced and moved above this level 2950 which will act as immediate support.
• Since in weekly TF we are expecting a sideways move, we can expect gold to form consolidation above 2950 and give BO as per the pattern discussed above.
• This expectation of sideways & BO will get invalidated below level of 2950.

Intraday TF:

• Gold in intraday TF for this month has given good fall and retraced much higher than the fall.
• AVWAP from 12042025 has given the immedidate support at 3300.
• Now the horizontal support is at 3200 which is the BO level after the fall.
• Gold faced resistance around fibo level at 3271 and fell towards Green AVWAP 3300. 
• Next reistance for Gold is at 3392 & 3420.

Acronym:

BO: Breakout.

BD: Breakdown.

HH-HL: Higher High, Higher Low

LH-LL: Lower High, Lower Low

TF: Time Frame.

LT: Long Term

ST: Short Term

ATH: All Time High.

PA: Price Action.

PDC: Previous Day Close

TL: Trend Line.

Keep Learning 🕮

"This Content Sponsored by Buymote Shopping app

BuyMote E-Shopping Application is One of the Online Shopping App

Now Available on Play Store & App Store (Buymote E-Shopping)

Click Below Link and Install Application: https://buymote.shop/links/0f5993744a9213079a6b53e8

Sponsor Content: #buymote #buymoteeshopping #buymoteonline #buymoteshopping #buymoteapplication"