01/09 - 15 GOLD WEEKLY ANALYSIS.

Currently the market favors buying, Gold is in a bullish trend it has already broke out of the 4H supply zone and fast approaching the key level of monthly resistance. Based on the trend line we are looking to see Gold to continue pushing up until monthly resistance where there is a lot of selling pressure forcing price to drop from this area.

ความคิดเห็น:

Gold temporarily bought and went on to sell at resistance as analyzed but the overall trend was BUY, which was not well accounted for in this analysis.