We are expecting another bearish weekly candle. However if the trend change the direction and price goes above 1540 and 1550 next resistance then we can look for an entry point to buy. In both ways you should gain profit if you find the prime entry point and use the correct risk management. Hence , market is not your friend, lots going on specially global economical slowdown, reason why gold's price is high and it may goes above 1600 or even around 1800 in 12 months time. Just dont be greedy , slow but steady and focus on pips and percentages. Good luck. Enjoy drawing your charts and Have a fantastic week of trading ..
