KaanErdinc

Weekly expectations on GOLD

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Last week, the price of GOLD has closed below the 2019 support after taking the liquidity from 2027 levels. This week I suppose that the market has already priced the FOMC meetings expected outcome which is keeping the interest rates constant. At this scenario, the priceof GOLD can retest 2000 levels again to make a double bottom before flipping bullish on the monthly time frame to re-test the highs at 2060, 2080 levels. This week will be very volatile so please keep your risk at minimum.
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