Gold weekly forcast with both Buy and sell levels 30-5-25Gold weekly forcast with both Buy and sell levels
gold in an uptrend all week from last weeks buy level it ran 553 pips wit little to no drawdown.
For this week we are looking at 2 levels for both buy and sell entries .
For a buy ill look at entering at 3091 expecting 3098 to 3100 as first resistance , if we brreak we can expect 3112 as next resistance on the way to 3136.
For a sell ill look at entering at 3076 expecting 3068 to 3066 as first support , if broke we can expect 3054 to 3050 as next support.
With these trades its best to just wait for levels for a conformation and the bigger moves.
last weeks buy are did not register until Thursday morning but when it hit there was no drawdown and closure at the high gave 533 pips.
As always with these trades wait for levels and secure on the way by either taking profit or reducing lot size.
Trade is based on support and resistance, trend lines and fibonacci levels from the higher time frame.
Ill update as the week progresses , stay safe
