Advertisements

gold price weekly forecast

gold price weekly forecast

gold price weekly forecast

XAU/USD ( Gold ) prices crashed last week and closed near 1200$ which is a good psychological support for gold , now this week it has to respect weekly support of 1170$ to get a green sign for relief , if it does’nt and gold manage to close below our weekly support then expect gold price to correct more upto 1140$ – 1105$ .

If gold price click our weekly technical resistance of 1245$ and manage to close above our weekly resistance then expect gold to fire upto 1291$ – 1330$ .

Gold weekly forecast conclusion : Gold trend looking weak for now

More will update in daily gold update

Advertisements

Tags: , , ,

About mohdarafat

Well nothing special about me a simple guy technical analyst by profession deals in commodities and major stock markets in the world

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: