SroshMayi

GOLD - Weekly outlook (downtrend)

TVC:GOLD   골드 (US$ / OZ) CFDs
GOLD Weekly forecast


Gold recorded a new peak in history which is 2146, and was rejected easily
So, for this week we have strong resistance in 2007 because stabilized under it now the route toward reaching 1985 and 1961
and a strong support zone in 1961,

the scenario is a Downtrend to reaching 1961 for the next week by stabilizing under 2007

Be careful stabilizing above 2020 by closing the 4h candles, which will make a new bullish zone to reach 2050

Pivot Price: 2007
Resistance Price: 2020 & 2037 & 2050
Support price: 1985 & 1961 & 1933

The movement range will be between 2020 and 1961

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