As you can see, weekly candle tested fibonacci retracement at 50% level and rejected it. Buyer still manage to maintain it above 2040. We might see another test of 2050 area and if buyer manage to break it, it might test the ATH once again. As long as there is war tension, gold most likely to maintain above 2000. As long weekly Lower Low does not break below, bullish is still in play. Buy deep and make profit. What do you think? Comment and share your thought below guys.
Trend Analysis

Disclaimer