Nicemate
Short

Gold Overview - Weekly

FX_IDC:XAUUSD   GOLD / US DOLLAR
48 0 3
As with every other market, Gold             is subject to big and unforeseeable movements resulting from the decisions of very powerful players. And so it happened. This week, FX_IDC:XAUUSD             broke a very clear bullish flag , only it did so downwards, suddenly reversing it's trend.
As it appears looking at the weekly timeframe , FX_IDC:XAUUSD             is going to re-test the main support area and continuation of the precedent bearish channel after its break at the end of February.
Comment: We're getting close to a long term buy setup.
Comment: Updates will follow.
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