AlgoVenture

Gold: Weekly Forecast 6th February 2022

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold gained a little last week as it recovered strongly from a drop from the supply level at 1815.

The market continued to find support at a rising trendline and is most likely to climb further before another short-term sell off.

This week, we will look for buying opportunities, expecting the price to reach 1829 supply level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.