GOLD (XAU/USD) – Week 24 – Complex consolidation.
In our previous forecast, we were expecting Gold to break the top once more. Unfortunately, the price started to fall, and looks like it will stay in this area for a while.
Our forecast for this week is that the bearish momentum in Gold will increase and it will push the price towards the support area.
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.
Our forecast for this week is that the bearish momentum in Gold will increase and it will push the price towards the support area.
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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