GOLD WEEKLY ANALYSIS (JAN 16-20)
Updated
Gold broke out of a consolidation last week and flew to the weekly resistance. There has been a significant buy trend and we are starting to see signs of reversal at the key weekly resistance where there is alot of selling pressure. We are expecting significant retracement or better yet a retest of the monthly support.
Note
Gold sold as analyzed but failed to reach our target of the key monthly support.
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