GOLD(XAUUSD) -Weekly forecast,Technical Analysis & Trading Ideas

Midterm forecast:

• 2772.38 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  

Technical analysis:

• If resistance at 2955 can prevent further price increases, a price drop to 2833 and ultimately the buying zone of 2790 is expected.
  
• If gold can break the resistance at 2955, the price could reach $3,000 or even $350.
  

Take Profits:

1. 2833.00
   
2. 2879.11
   
3. 2955.00
   
4. 3000.00
   
5. 3050.00
   

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ForecastCity Support Team