In our previous forecast, we correctly anticipated Gold to make another attempt and break the resistance area. In the coming week, we are expecting Gold to make a fake breakout, trapping some buyers, before ending the correction cycle with a bearish move that has the potential to break the support area. 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.