GOLD (XAU/USD) – Week 38 – Bears gaining momentum.
In our previous forecast, we anticipated Gold to finish the correction and reach the resistance area. Instead, the price fell into a deeper pullback.
In the coming week, we are expecting the price to reach the confluence between the trendline and the resistance and go for one more low.
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.
In the coming week, we are expecting the price to reach the confluence between the trendline and the resistance and go for one more low.
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.
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