I hope everyone is gearing up for a profitable week ahead. Here’s my analysis for the upcoming week based on the chart above:
Gold has been trending upwards within a 15-minute channel. I anticipate that the price may test the bottom of this channel, which is around 2572-2575. Following this, I expect a potential increase to reach last week's high of 2586. Afterward, a retracement to approximately 2545 seems likely.
Stay tuned for updates, and best of luck with your trades!
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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.