GOLD (XAU/USD) – Week 5 - November lows Incoming pt. 4
Updated
In our last week forecast, we pointed out that we expect a consolidation to start in order to gather up enough price momentum, so that it can retest the November lows. Consequently, the price went as we anticipated and our expectations for the next couple of weeks grow towards a bearish move that will be heading at least to test the 1763 area.
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.
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.
Trade closed: target reached
Target reached for this week.
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