GOLD (XAU/USD) – Week 11 – Indecision territory.
Last week we saw an increase in the Gold price, as the inverted correlation between the DXY and Gold continued
For this week we expect the price to increase until it will test the resistance zone located around $1760 level. The price-action around that area will be very important, as we may witness a new drop before the long-expected bullish 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.
For this week we expect the price to increase until it will test the resistance zone located around $1760 level. The price-action around that area will be very important, as we may witness a new drop before the long-expected bullish 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.
Related publications
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.