Gold is still moving within the pennant formation we highlighted in last weeks outlook.
Last week Gold broke out of the consolidation area and reached 1814 before pulling back slightly on Friday.
This week we can expect further retracement possibly to the 1780 zone before gold resumes its bullish move.
1791,1786 & 1780 are good levels for long positions.
We are expecting gold to reach the 1850 zone in the coming weeks.
Drop below 1770 will negate the bullish outlook.
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Last week Gold broke out of the consolidation area and reached 1814 before pulling back slightly on Friday.
This week we can expect further retracement possibly to the 1780 zone before gold resumes its bullish move.
1791,1786 & 1780 are good levels for long positions.
We are expecting gold to reach the 1850 zone in the coming weeks.
Drop below 1770 will negate the bullish outlook.
Please follow
Hit the like button
Share your thoughts and leave a comment.
Thank you for your support🙏🙏🙏
Trade Safe and manage your risk. Everything we share is not financial advice.
