GOLD (XAU/USD) – Week 22 – Waiting for a channel breakout.
Gold moved slow inside the channel the entire trading week.
For this week, we are expecting Gold to start a bearish pullback towards the support area. Our confirmation for this move will be a breakout of the blue trendline, followed by a small correction underneath. If not, the price may continue to increase inside our channel.
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.
For this week, we are expecting Gold to start a bearish pullback towards the support area. Our confirmation for this move will be a breakout of the blue trendline, followed by a small correction underneath. If not, the price may continue to increase inside our channel.
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.
