Gold Weekly Summary and Forecast 11/16/2024
My medium term of bearish target of 2555 was hit. And the EMA 10 is held in 2 weekly TF. Therefore, i am shifting my medium trend prediction to be bullish.
However, in 2 daily TF, the PA is still bearish.
At the start of next week, price could drop again to 2555 or even lower and followed by up tick to 2610. From 2610 level, price could falls to 2555 again and forming triple bottom, where price could quickly surge to 2678.
I am expecting the monthly candle to be closed in red though.
Let's see what the market will provide for us.
However, in 2 daily TF, the PA is still bearish.
At the start of next week, price could drop again to 2555 or even lower and followed by up tick to 2610. From 2610 level, price could falls to 2555 again and forming triple bottom, where price could quickly surge to 2678.
I am expecting the monthly candle to be closed in red though.
Let's see what the market will provide for us.
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