GOLD (XAU/USD) – Week 31 – Bears knocking on the door.
In our previous forecast, we correctly anticipated Gold to make another attempt and break the resistance area.
In the coming week, we are expecting Gold to make a fake breakout, trapping some buyers, before ending the correction cycle with a bearish move that has the potential to break the support area.
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.
In the coming week, we are expecting Gold to make a fake breakout, trapping some buyers, before ending the correction cycle with a bearish move that has the potential to break the support area.
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.
