What to expect from gold this coming week? As per my previous weekend analysis the downtrend continued with retest of 1780. We had a swift break upwards in reaction to FOMC but it was short lived and gold continued respecting the descending channel. Which way next ? It seems buyers came in strong at 1738, however I feel bears might might just have one more run down to 1720 This week after which I expect a possible reversal . On second thoughts if 1745 holds then price could be heading up towards 1800 and beyond testing all key support and resistance levels on the way up .
I am overall bearish with Gold 2021 and still believe the High for the rest of the year is already in
I may not be incorrect !
I am overall bearish with Gold 2021 and still believe the High for the rest of the year is already in
I may not be incorrect !