Karina_Bella

Gold recovered strongly during the week

Karina_Bella Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello smart traders!

Currently, in the market, gold has started the trading session with a strong recovery, reaching up to $1851, in line with Karina's forecast yesterday.

Currently, on the chart, after the Bollinger Bands tightened, they have expanded, indicating the potential for significant market volatility in the near future. Additionally, breaking above the upper limit of gold suggests that the upward trend is being prioritized, with the possibility of a slight decrease followed by a recovery to the nearest resistance level set at $1875, as shown in the analysis chart.

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