kieranchow

XAUUSD Weekly Forecast for 3rd -7th Feb 2020

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Weekly Forecast for 3rd -7th Feb 2020
- Last week Pullback was made at the beginning of the week - Target 1 was missed by 3 pips @ 1590
- Going into this week with first target pushed a bit higher towards 1595.1 area and further more to target 2 @1611.06
- If we see a bearish move in DXY this will be good confirmation and confluence for gold to move higher.
- For new entries best risk to reward will be at any pullback towards previous key level at the 1575 area.
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My weekly forecast highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead! It's a projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown!
Every week Includes analysis for
CRUDE OIL / XTIUSD
GOLD SPOT/XAUUSD
Us dollar index/ DXY
USDJPY
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDCAD
BTCUSD
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Telegram - o4rexcapital

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