GOLD (XAU/USD) – Week 6 - November lows Incoming pt. 5
Updated
In our last week forecast, Gold didn’t disappoint and respected our analysis in which we anticipated that the price will break out of the consolidation area in order to start its final journey to break the $1763 lows. Furthermore, we expect that this week the price will retest the resistance zone highlighted on the chart in order to form a small pullback that would be enough to push the price to our target.
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 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.
Note
Possible price reaction around the trendlineTrade closed manually
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