Weekly Summary and Forecast 2/22/2025As predicted last week, goldy's correction won't happen without any sign. Although we didn't see head and shoulder in 2D TF, we do see some deceleration of the trend as indicated by the curved line.
And gold also faces strong resistance of 2942. This level has been tested 4 times and should get stronger. I would expect this resistance to be tested one more time next week.
For next week, I do expect Monday will be moving slowly and a green candle may be printed. From Tuesday onwards, we may see hug decline. My optimal target will be 2790.
Let's see how the week plays out next week.
