XAU/USD – Week 2 - November lows Incoming

Last week, in our analysis we expected Gold to start falling and go test the November lows. Price plunged 4%, moving more than 100$ to the south, the main purpose for this massive sell-off being the increase in the U.S. Treasury Yields and a strong U.S. Dollar. As it stands, this week we expect the trend to continue downwards with a big possibility to reach the 1764$ levels.
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.

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