daytradetraining

Weekly forecast for GOLD . PRICE WILL BE ABOVE 2050 ??

Long
PYTH:XAUUSD   Or

Hello traders , Obviously the GOLD is still in uptrend . Be aware after advancing stage will experience the distribution stage , so the fluctuation on price will be less and the price more stable . But we expect some pullback from Resistance zone . I see strong support above 2050 zone plus the RSI is already overbought so eventually the retracement has been already started .
The price will retest twice the support zone before we continue again to Resistance . Double bottom is one of the famous pattern of GOLD .

If this post was helpful for you , please don’t forget to like and share your comments .
Thanks .

Daytradetraining.com
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.