Gold weekly forecast 13-17.11
Gold is falling in a tight bearish channel. Until this channel is broken or a new bullish manipulation is formed, gold will remain bearish. CPI could be the trigger.
For me, the main trend is bullish and the current decline is just a retracement. The question is when the banks will start buying gold again.
Trading carries a high level of risk and can affect your psychology and mental state. Before deciding to trade, you should carefully consider your investment, experience and risk.
Serpent Forex Club (SFC) do not provide investment advice and we are not qualified or authorised investment advisers. All the content is for educational purposes only. SFC is not affiliated with any broker, bank or financial institution. The decision to place a trade or investment based on shared analysis is at your own risk.
For me, the main trend is bullish and the current decline is just a retracement. The question is when the banks will start buying gold again.
Trading carries a high level of risk and can affect your psychology and mental state. Before deciding to trade, you should carefully consider your investment, experience and risk.
Serpent Forex Club (SFC) do not provide investment advice and we are not qualified or authorised investment advisers. All the content is for educational purposes only. SFC is not affiliated with any broker, bank or financial institution. The decision to place a trade or investment based on shared analysis is at your own risk.
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