financialflagship

GOLD (XAU/USD) – Week 48 – Bearish sentiment to continue.

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

For this week we expect Gold to finish this ongoing correction around the resistance area highlighted on our chart and resume the bearish trend . Our first target will be the support area located underneath the blue trendline.
Keep in mind that on Friday we will have NFP news that could heavily impact the pair so, we advise you guys to risk small as the market could become very volatile.
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.

Trade closed: target reached