MULTIDIMENSIONALTRADER

GOLD outlook for the coming week.

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is still moving within the pennant formation we highlighted in the last few weeks outlook.
We are expecting gold to reach the 1850 zone in the coming weeks.
Drop below 1770 will negate the bullish outlook.
Any retracements to 1800 and below are a good buying opportunity.

We have several buy positions running and will be looking to add more.


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