As pointed out by last week's forecast, gold has chosen the upside path and closed the past week with a bullish candle. Therefore, next week we will at least see gold touches 2715-2725 strong resistance level. There could be some accumulation at this level. Afterwards, it will either break the level and surge higher (which I think it's low in probability). Or it will drop down from this level and resume medium term bearish trend. Let's see the lower TF for actual trading signals and confirmation.
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