GOLD (XAU/USD) – Week 3 - November lows Incoming pt. 2

Last week, we pointed out in our Gold analysis that a consolidation will start in order to gather up enough momentum in order to continue its journey to retest the November lows. Most of the week, the price corrected the previous descending impulse, before slightly starting to pick up some bearish momentum in the late Friday trading session. All this considered, we anticipate a slow start for this week, as we may witness a small price increase before resuming the bigger 4H trend.
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