GOLD (XAU/USD) – Week 41 – Resistance rejection.
In our previous forecast, we correctly anticipated Gold to finish the consolidation, and head towards the resistance.
In the coming week, we are expecting the price rejection from the trendline to develop into a short-term bearish move, but only if it makes a small correction.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we are expecting the price rejection from the trendline to develop into a short-term bearish move, but only if it makes a small correction.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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