GOLD (XAU/USD) – Week 15 – From support to resistance.
Updated
Last week, Gold didn’t do anything spectacular as the price is in the middle of a corrective phase.
In the next days, we expect Gold to slowly climb towards the resistance zone, but first, the price could pullback and find some support around the $1700 level.
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.
In the next days, we expect Gold to slowly climb towards the resistance zone, but first, the price could pullback and find some support around the $1700 level.
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.
Trade closed: target reached
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