GOLD (XAU/USD) – Week 27 – Edging closer to a new drop.
In our previous forecast, we correctly anticipated Gold to reach the resistance area and resume the bearish trend. Instead, the price decided to drop and quickly reversed in what it looks to have been a stop hunt.
In the coming week, we are expecting the price to reach the resistance area before resuming the bearish trend and break the support.
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 resistance area before resuming the bearish trend and break the support.
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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