GOLD (XAU/USD) – Week 36 – Waiting for a correction.
In our previous forecast, we expected Gold to slowly continue the bullish momentum before making a deeper pullback. Instead, the pair continued the uptrend only making a small correction.
In the coming week, we are eventually expecting a trendline breakout that would increase the chances for a deeper correction to occur.
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 eventually expecting a trendline breakout that would increase the chances for a deeper correction to occur.
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.
