Weekly chart:
We’re sharing this chart regularly to show you the key weekly levels and how we’re tracking the price on a weekly chart. As you can see, the circled area we plotted last week was hit and the price is now just closed below the 1706 level. Ideally here we want to see price pullback into the circled area, remain above it and the attempt to cover the wick. Again, price needs to remain above the 1660-65 price region.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG