Apr25: Gold poised to test 1800

2020年4月26日

What is up guys -- Ray here with my Saturday night analysis of Gold ( XAU/USD ).
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LAST WEEK IN REVIEW:

- We saw gold continue it's pullback down to the 1660 level before pushing back up to test the previous high of 1747


WHAT TO EXPECT THIS WEEK:

- Gold is currently in a strong bull market, making higher highs and higher lows on the monthly, weekly, and daily timeframes
- with this we can look for Gold to push new highs this week, and make a move closer to the next major level of 1800
- In a macro perspective gold finds itself in a very strong bull market, and with the current condition of the global economy it would not be surprising to see a retest of the all time high of 1921 sometime in the near future

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COMMENT below your analysis on gold: what is your forecast for this week?

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Take it easy and until next time..

- RAY