Dear trader,

Is gold moving upward or do we continue to see downward momentum?

Fundamentally gold is a hedge against inflation but higher interest rates makes the yellow bullion less attractive for investors. Double cut sword.

If we look at technical analysis we see a 4H supply level retest with a 4H order block/fvg kiss.

I expect the trend to continue upward.

No major economical event next week. treat this info with care and discrettion, this is not a fincial advise
Trend Analysis

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