Gold: Weekly Forecast 10th October 2021
The gold is still in a huge consolidation phase since it peaked at 2075 an ounce.
It is notable that the closing prices are getting higher and that the price should be able to make another bull run towards the top of the consolidation.
In recent weeks, gold has broken above a falling trendline with a strong rebound and has now pulled back downwards significantly for another buying opportunity.
This week, we will first focus on buying at 1747 - 1742 demand level, targeting 1790, followed by 1810.
Stay tuned for more daily trading ideas!
It is notable that the closing prices are getting higher and that the price should be able to make another bull run towards the top of the consolidation.
In recent weeks, gold has broken above a falling trendline with a strong rebound and has now pulled back downwards significantly for another buying opportunity.
This week, we will first focus on buying at 1747 - 1742 demand level, targeting 1790, followed by 1810.
Stay tuned for more daily trading ideas!
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