According to latest Gold Weekly analysis ,the price had entered an important Bullish Order Block. By this movement we expected this range to prevent Gold from Downward trend further.. In the last two weeks , When the price entered the 1690$ range , it faced a positive reaction and this order block was finally able to stop the heavier Fall! during this week ,If the weekly candle closes above 1730$, we can expect a new upward trend in the price , whose mid-term target can be in the range of 1800$ to 1830$! Hope this analysis was useful to all the traders.
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.