GOLD (XAU/USD) – Week 25 – Another drop bites the dust.
In our previous forecast, we correctly anticipated Gold to make a pullback and continue the bearish move.
Our forecast for this week is that the bearish momentum in Gold will increase but not before the price will pullback towards the resistance area highlighted on the chart. After the correction is completed, we will expect the price to continue to depreciate in the coming weeks, having a great chance to break the $1675 low
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Our forecast for this week is that the bearish momentum in Gold will increase but not before the price will pullback towards the resistance area highlighted on the chart. After the correction is completed, we will expect the price to continue to depreciate in the coming weeks, having a great chance to break the $1675 low
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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