GOLD (XAU/USD) – Week 17 – Breaking the resistance level.
Updated
Last week, we correctly anticipated the consolidation that took place on the Gold chart.
For this week, we expect Gold to resume the bullish sentiment and re-test the resistance zone after finishing this small pullback that is developing at the moment. Depending on the strength of the impulse, the price could continue to rise even more, having a chance to reach the highlighted 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 expect Gold to resume the bullish sentiment and re-test the resistance zone after finishing this small pullback that is developing at the moment. Depending on the strength of the impulse, the price could continue to rise even more, having a chance to reach the highlighted 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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