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Gold Weekly Trading Plan: XAU/USD Buy Above 4,427, Targets $5,010

Gold Weekly Trading Plan: XAU/USD may see selling if price slips below 4,427. Above this level, traders can consider buy positions with targets from $4,520 to $5,010.

Gold Weekly Trading Plan (XAU/USD)

Gold prices are currently trading near an important support level. Traders should closely watch the 4,427 level for the coming week.

If Gold (XAU/USD) fails to stay above 4,427, short-term selling pressure may come into the market. In such a case, quick profit booking or sideways movement cannot be ruled out.

However, as long as gold holds above 4,427, the overall trend remains positive. Traders can look at buying on dips, with the following upside targets:

Gold Buy Targets (XAU/USD)

  • First Target: $4,520
  • Second Target: $4,707
  • Third Target: $4,832
  • Extended Ultimate Target: $5,010 per ounce

This trading plan is suitable for positional and swing traders who prefer clear levels and defined targets.

Trading Tip: Always use proper stop-loss and manage position size according to your risk appetite.

RSI Indicator Signals Strength

The Relative Strength Index (RSI) is currently trading in a positive zone, indicating healthy momentum. The RSI remains above the neutral 50 mark, which suggests that buyers are still in control.

  • RSI above 50 = Bullish bias
  • No major negative divergence seen so far
  • Momentum supports buy-on-dips strategy

As long as RSI stays strong and price remains above key support, the chances of further upside remain high.


5 Frequently Asked Questions (FAQs)

1. What is the key support level for gold this week?

The key support level for gold is 4,427. Price should stay above this level to maintain a bullish bias.

2. Is gold bullish above 4,427?

Yes. As long as gold trades above 4,427, the trend remains positive and buy positions can be considered.

3. What happens if gold falls below 4,427?

If gold slips below this level, short-term selling or profit booking may be seen.

4. What are the upside targets for XAU/USD?

Gold has upside targets at $4,520, $4,707, $4,832, and $5,010 per ounce.

5. Is this trading plan suitable for beginners?

Yes, this plan is simple and level-based, but beginners should always trade with strict stop-loss and limited risk.

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

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