Gold recovered strongly during the week

Updated
Hello smart traders!

Currently, in the market, gold has started the trading session with a strong recovery, reaching up to $1851, in line with Karina's forecast yesterday.

Currently, on the chart, after the Bollinger Bands tightened, they have expanded, indicating the potential for significant market volatility in the near future. Additionally, breaking above the upper limit of gold suggests that the upward trend is being prioritized, with the possibility of a slight decrease followed by a recovery to the nearest resistance level set at $1875, as shown in the analysis chart.

If you find this article interesting and useful, please leave a like and follow to receive the latest updates!
Trade active
Comment
Gold formed a narrowed tail flag model: What will happen?
ForexgoldideaHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalTrend AnalysisXAUUSD

Related publications

Disclaimer