GOLD WEEKLY ANALYSIS (JAN 16-20)

Telah dikemas kini
Gold broke out of a consolidation last week and flew to the weekly resistance. There has been a significant buy trend and we are starting to see signs of reversal at the key weekly resistance where there is alot of selling pressure. We are expecting significant retracement or better yet a retest of the monthly support.
Nota
Gold sold as analyzed but failed to reach our target of the key monthly support.
Multiple Time Frame AnalysisSupply and DemandSupport and Resistance

Penafian