Weekly Forecast (16.11. – 20.11.2020)

Assumes an attempt to test the support level near the 1860 area. Then, the GOLD prices will continue to rise with a target above the level of 2165. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. Cancellation of the GOLD growth option will be a fall and a breakdown of the level of 1710. This will indicate a continued decline in quotations to the area below the level of 1645.

 

Weekly Target for this week: +2.700 PIPs Profit

Posted: November 16, 2020 at 9:11 am