Gold - Weekly Forecast 18th - 22nd February
The gold set to climb further after a strong rebound that lasted throughout Thursday and Friday.
The price has successfully rebounded off from a demand zone and broke out of the range between 1316 and 1303.
The price is also seen breaking above an inside bar based on W1 chart, a sign of a strong bullish moment.
Traders can wait for the price to retrace back to 1316 ideally for re-entry to long.
As long as the price maintains above 1310, my view on the gold will be bullish.
The price has successfully rebounded off from a demand zone and broke out of the range between 1316 and 1303.
The price is also seen breaking above an inside bar based on W1 chart, a sign of a strong bullish moment.
Traders can wait for the price to retrace back to 1316 ideally for re-entry to long.
As long as the price maintains above 1310, my view on the gold will be bullish.
