Gold: Weekly Forecast 3rd October 2021
Gold was trending downwards at first but managed to rebound strongly at 1720.
It was managed to break above a falling trendline and created a higher high against two previous lower highs.
This is a strong sign that the gold will be able to recover further this week and therefore we can look to buy again if the price does pulls back lower before another jump.
This week, we will wait for a pullback towards 1750 demand level to look for buying opportunities.
It was managed to break above a falling trendline and created a higher high against two previous lower highs.
This is a strong sign that the gold will be able to recover further this week and therefore we can look to buy again if the price does pulls back lower before another jump.
This week, we will wait for a pullback towards 1750 demand level to look for buying opportunities.
