GOLD - Weekly Forecast - Technical Analysis & Trading Ideas!

Midterm forecast:

• While the price is below the resistance 2789.95, beginning of downtrend is expected.
  
• We make sure when the support at 2475.27 breaks.
  
• If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  

Technical analysis:

• A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected.
  

Take Profits:

1. 2657.88
   
2. 2601.87
   
3. 2532.10
   
4. 2475.27
   
5. 2380.00
   
6. 2279.87
   
7. 2219.63
   
8. 2145.04
   
9. 2087.89
   

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