Gold Weekly analysis, July 13-17,2020

FX:XAUUSD   Gold Spot / U.S. Dollar
Hi all,
Have a great trading week ahead,
Gold against dollar pair touches the 2nd ever high price of 1817 last week, last 2 days of the week this pair seen the bearish momentum with the reversal candles.. expecting this week the selling pressure continues half of the week till 1775 at least, again it may reversal to reach the area around where it starts according price action analysis.. it seems that gold may continues the bullish trend this week but it tends to retrace the area of 1775 which is the demand area ..

Note - weekly analysis done based on price action ..


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