#GOLD H1. Failed attempt to resume the rally.
Over the past 8 hours, buyers have failed to break above the previous high, indicating a lack of buying interest from Institutional participants.
Therefore, I expect the development of sells, a test of a resistance zone and again the continuation of sales.
According to the cyclical analysis the next week will be:
Monday: correction
The rest of the days: selling (European and American sessions).
Therefore, I expect the development of sells, a test of a resistance zone and again the continuation of sales.
According to the cyclical analysis the next week will be:
Monday: correction
The rest of the days: selling (European and American sessions).
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