Gold Intraweek Technical Analysis:
Gold withnessed a bullish week. The price took rejection from 1795 twice. This may be the start of a downward movement as the US dollar index DXY is on fire after better than expected non farm payrolls. The weekly support lies at 1750. The two main supports for coming week are 1767 and 1750. My idea is that in coming week gold is going to take support from 1770 or 1750. I am still bullish on gold with weekly target of 1785 and 1800 with long term target of 1850.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Gold withnessed a bullish week. The price took rejection from 1795 twice. This may be the start of a downward movement as the US dollar index DXY is on fire after better than expected non farm payrolls. The weekly support lies at 1750. The two main supports for coming week are 1767 and 1750. My idea is that in coming week gold is going to take support from 1770 or 1750. I am still bullish on gold with weekly target of 1785 and 1800 with long term target of 1850.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.