the yellow metal price forecast, analysis, and resources
the yellow metal price forecast, analysis, and resources
I think gold will increase in the next week and then down lightly
I guess it Gold will go up this week as dollar weakness
i though the same too, things actually didnt go my wayi had big position on XAU, lets hope it's back up again, i need USd to weaken...
my target is 715
the gold try to move towards the downside to hit the key support level at 675.50s after it formed the top at the 686.60s levels. Meanwhile, the gold opened below the major support level at 683.20s which might lead the gold to extend the way towards the major support level at 672.30s by today. The technical indicators have adjusted to show the bearish move for today as a result to the gold's movement yesterday.
The trading range for today will be between the key resistance at 685.50s and the key support at 668.60s.
The general trend is up as far as 650.00 remains intact targets now at 700.00 and 720.00 targets then at 747.00.
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