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Weekly Forecast (17.1. – 21.1.2022)

Suggests an attempt to test the support level near the 1770 area. Then, the continued growth in Gold prices with a target above the level of 2025. A test of the trend line on the relative strength index (RSI) will come out in favor of the quotes rise. Cancellation of the growth option for GOLD will be a fall and a breakdown of the level of 1685. This will indicate a continued decline in quotes to the area below the level of 1625.

Weekly Target: +2.600 PIPS