AlgoVenture

Gold - Weekly Forecast 18th - 22nd March

FX:XAUUSD   Gold Spot / U.S. Dollar
The gold has experienced quite a bumpy ride last week but it did close a little higher eventually.
The price may range further upward since it just recently broke above a minor falling trendline, and is expected to reach the supply zone at 1322.
In respect to the Bat pattern, the gold is most likely to attempt another wave of depreciation at the end of the current range.
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