Weekly forecast for GOLD . PRICE WILL BE ABOVE 2050 ??

Mar 2

Hello traders , Obviously the GOLD is still in uptrend . Be aware after advancing stage will experience the distribution stage , so the fluctuation on price will be less and the price more stable . But we expect some pullback from Resistance zone . I see strong support above 2050 zone plus the RSI is already overbought so eventually the retracement has been already started .
The price will retest twice the support zone before we continue again to Resistance . Double bottom is one of the famous pattern of GOLD .

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