Gold has been bullish for quite a few months. And past week also finished with a bullish candle. I am still bullish on it next week.
However, in smaller timeframes, there are some short term bearish signals. Therefore, I would expect at the beginning of next week, gold will drop first and pick up the buying momentum at later stage of the week.
I have drawn the weekly trendline. Gold may drop to the trendline and rise from there.
Let's see smaller timeframe price actions for better decision next week. Stage tune for my daily intraday analysis.
However, in smaller timeframes, there are some short term bearish signals. Therefore, I would expect at the beginning of next week, gold will drop first and pick up the buying momentum at later stage of the week.
I have drawn the weekly trendline. Gold may drop to the trendline and rise from there.
Let's see smaller timeframe price actions for better decision next week. Stage tune for my daily intraday analysis.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.