Update to the idea of the bullish trend for gold
Updated
Last week, we witnessed fluctuations in gold prices, and on Thursday when the US data was released, there was a strong downward movement that affected prices in general and the US market as well.
But during the trading session on Friday, the market gradually recovered by 1.16%, which is considered a slight recovery. Over the next week, we will expect on Monday a gradual correction, which will be a break of the 1895 barrier and a retest above that level to complete the rally towards the first next target 1914 and then 1935 dollars per ounce.
Be patient.
XAUUSD
But during the trading session on Friday, the market gradually recovered by 1.16%, which is considered a slight recovery. Over the next week, we will expect on Monday a gradual correction, which will be a break of the 1895 barrier and a retest above that level to complete the rally towards the first next target 1914 and then 1935 dollars per ounce.
Be patient.
XAUUSDTrade active
Just a quick update of my weekly forecast.. During the current week, there were expected movements through technical analysis. Today, Friday, the last trading session with the beginning of the opening of the European markets. We do not expect a lot of bullish movements for gold, as well as during the opening session of the American markets.Next week there will be an anticipation of prices and we'll get to that over the weekend.
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