GOLD (XAU/USD) – Week 16 – Next stop: Resistance level?
Updated
Last week, we correctly forecasted that Gold will pullback before gaining some bullish momentum.
For this week, we are expecting Gold to slowly continue to increase towards the resistance area, having a good chance to break it and reach the Daily trendline.
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.
For this week, we are expecting Gold to slowly continue to increase towards the resistance area, having a good chance to break it and reach the Daily trendline.
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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