financialflagship

GOLD (XAU/USD) – Week 7 - November lows Incoming pt. 6

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
In our last week forecast, the Gold price moved in the way we predicted and increased correctively with $55 before the bears started to dominate the market in the end of the week.

For this week we expect the price to get into a deeper sideways move before continuing its way to our $1760 target. We recommend you to be patient and look for your sell setups without over-leveraging your positions.

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.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.