Gold opened the week with a gap down to 4645 and went up as high as 4890 and closed the week with another positive note. But the upside is not as strong. From daily candle, price actions show a triangle is slowly forming. This means gold is in cross road right now. Either it will accelerate and go up or it will drop down heavily. However, I will expect the price to go down with the overall medium bearish trend. We may see a spike up next week and if the daily is close in red and below the upper trendline resistance, we could see price drop under 4600 next week.
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For low risk, roboforex.com/copy-trading/rating/aaap/47144244
For high risk, roboforex.com/copy-trading/rating/bbba/37321027
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I have utilised two of my strategies in RoboForex. You can now copy my trading and start to earn together.
For low risk, roboforex.com/copy-trading/rating/aaap/47144244
For high risk, roboforex.com/copy-trading/rating/bbba/37321027
For low risk, roboforex.com/copy-trading/rating/aaap/47144244
For high risk, roboforex.com/copy-trading/rating/bbba/37321027
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.