Gold opinion for this week
We have a nice rising wedge pattern and I believe gold will bounce up and down within the pattern until it reaches the levels of 1780s. If NFP data release is positive as expected, I believe gold will then push to the downside towards the level of 1720s. If this gets broken too, we might look at further sell off towards the major support at 1680s.
*This is my personal analysis and point of view. Trade at your own risk!
*This is my personal analysis and point of view. Trade at your own risk!
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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.