Gold Weekly Summary and Forecast 11/9/2024
Remember I did predict head and shoulder formation last week and it did formed nicely.
However, it didn't touch 2758 high though.
Confirmation for the medium bearish trend formation:
1. Head and shoulder pattern
2. Channel broken
3. US election
I will engage mostly selling next week.
1st target 2610 and 2nd target 2555.
There could be some rebound at 2610 but should be only temporarily.
Let's see what the market will give us.
Happy weekend!
However, it didn't touch 2758 high though.
Confirmation for the medium bearish trend formation:
1. Head and shoulder pattern
2. Channel broken
3. US election
I will engage mostly selling next week.
1st target 2610 and 2nd target 2555.
There could be some rebound at 2610 but should be only temporarily.
Let's see what the market will give us.
Happy weekend!
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