GOLD - Weekly forecast, Technical Analysis & Trading Ideas

Midterm forecast:

• 2789.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  
• We will close our open trades, if the Midterm level 2789.95 is broken.
  

Technical analysis:

• A peak is formed in daily chart at 2942.55 on 02/11/2025, so more losses to support(s) 2879.11, 2833.00 and minimum to Major Support (2789.95) is expected.
  

Supports and Resistances:

1. 3000.00
   
2. 2942.55
   
3. 2879.11
   
4. 2833.00
   
5. 2726.10
   

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