TimeWaveTrading

Gold Trend Analysis Update (It is a bearish mode)

FX:XAUUSD   Gold Spot / U.S. Dollar
The current gold pattern is complex, but I think it is a weaker pattern than the bull pattern. This is the pattern that appears at the highs. The reason why Gold is expected to rise again next week is that it has not been able to create a weekly resistance key level while Gold has been correcting for a long time. However, if gold hits its target, it can quickly decline during the week. So look for sell timing rather than buy. Instead, silver has completed the resistacne key level. So silver is expected to be weaker than gold.
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