Naomi293

Weekly Predictions (Mar 25 - 29)

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
- Stochastic Oscillator indicating that pair is overbought
- Pair approaching previous resistance
Comment: 4-hr chart


- Neither overbought nor oversold
- Possible Double Top
- Tentative support and resistance lines drawn in red
Comment: Predictions: If price reverses at 1319.21 (previous resistance from 4-hr/hourly chart) then enter a sell and this line may function as resistance for the duration of the week … If not watch how price interacts at 1323.59, this is the previous resistance from the daily
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