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GOLD WEEKLY ANALYSIS (JAN 16-20)

Short
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
Tadiwa_Bryan_Musere Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand Support and Resistance Multiple Time Frame Analysis
2
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supplyanddemand supportandresistance mtfa
Gold broke out of a consolidation last week and flew to the weekly resistance. There has been a significant buy trend and we are starting to see signs of reversal at the key weekly resistance where there is alot of selling pressure. We are expecting significant retracement or better yet a retest of the monthly support.
Comment:
Gold sold as analyzed but failed to reach our target of the key monthly support.
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