Remain long with #XAUUSD towards 2074.28 | 15 April 2022

#XAUUSD weekly

Technical observation

Last week the value of the commodity on the chart above rose following a correction to the supportive zone 1904.53-1887.52 and a bounce at it. This week I expect a further surge towards the resistance level 2074.28. If you are currently holding bullish positions with the commodity above, I would recommend that you remain in the trade with your take profit at 2074.28 and stop loss at 1806.55. In case of a clear break above the level 2074.28 with, you can expect further upwards movement after a pullback to the broken line. As it is on the weekly chart above, I can only recommend short positions below the supportive zone 1904.53-1887.52.

 Trade recommendation

 Remain long with your take profit at 2074.28.

#NQ100 weekly

Technical observation

On the weekly chart above, the value of #NQ100 declined with a big red candle last week and this week, it could rally further downwards. The expected bearish movement is a correction to the supportive zone it established at 13348.1-13106.6 and I expect a possible bounce within it to pick long positions, If you are currently neutral with the commodity above, wait for a retracement to the zone I have mentioned then buy #NQ100 within it with your take profit at 16597.5 and stop loss at 12219.9. In case of a clear penetration above the level 16597.5, I expect a further surge to the upper side. I can only recommend short positions below the zone 13348.1-13106.6.

Trade recommendation

Remain neutral.

#FTSE100 weekly

Technical observation

The value of #FTSE100 has been rising steadily for several weeks now and currently it is trading below the resistance level 7812.7. This week I expect further bullish movements to the level 7812.7 followed by either a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the zone 6969.1-6896.7. If you are currently holding bullish positions with the pair above, remain in the trade and pick your profits at 7812.7. However, if you are currently flat with the commodity above, wait for either a clear break above the level 7812.7 to it to pick long positions or another correction to the mentioned above then buy #FTSE100 within it.

 Trade recommendation

Remain long with your take profit at 7812.7.