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weekly gold price outlook

weekly gold price outlook

weekly gold price outlook

Gold ( XAU/USD ) price traded in a small narrow range and closed below 1225$ , This week gold price must respect our weekly resistance of 1255$ and need a must close if gold price wants to turn positive this week , once gold price fulfill this condition we may see gold price racing upto 1291$ – 1326$ in short term .

However if gold price does not break our weekly resistance and manage to click our weekly support of 1175$ and close below this level then bearish condition apply on gold prices which may drag gold upto 1145$ – 1120$ in short term .

Weekly gold prediction conclusion : Gold prices are stuck in small range , however gold discounted a small negative count so there are good chanes gold may act positively in upcoming week . A simple resistance in gold price at 1225$ which may lead way for weekly resistance .

Keep an eye on daily gold updates as we will update technical levels for live market .

 

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About mohdarafat

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

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