Gold Weekly Summary and Forecast 1/12/2025
As pointed out by last week's forecast, gold has chosen the upside path and closed the past week with a bullish candle.
Therefore, next week we will at least see gold touches 2715-2725 strong resistance level.
There could be some accumulation at this level. Afterwards, it will either break the level and surge higher (which I think it's low in probability). Or it will drop down from this level and resume medium term bearish trend.
Let's see the lower TF for actual trading signals and confirmation.
Therefore, next week we will at least see gold touches 2715-2725 strong resistance level.
There could be some accumulation at this level. Afterwards, it will either break the level and surge higher (which I think it's low in probability). Or it will drop down from this level and resume medium term bearish trend.
Let's see the lower TF for actual trading signals and confirmation.
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