GOLD (XAU/USD) – Week 30 – Messy correction.
In our previous forecast, we correctly anticipated Gold to depreciate.
In the coming week, we are expecting Gold to drop a bit more before making another attempt to break the resistance area, as the pattern is developing into a messy consolidation. We recommend avoiding trading this asset for now.
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.
In the coming week, we are expecting Gold to drop a bit more before making another attempt to break the resistance area, as the pattern is developing into a messy consolidation. We recommend avoiding trading this asset for now.
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.
