From TradingView · · 40s
Gold Weekly Outlook
Gold targets $3,955 after weekly retracement.
In brief
Gold targets $3,955 after weekly retracement. Gold is expected to drop to $3,955 following a retracement into the $4,120, 4,220 zone. Originally reported by TradingView.
Gold completes head and shoulders top
Gold has completed a head and shoulders top on the daily chart with four breaks of structure since the September high near $4,750.
Sellers control price action
Sellers are firmly in control with a price objective of $4,120, 4,220 where gold and silver have stopped moving together.
Target price set at $3,955
The target price is $3,955, the July lows and resting liquidity, expected to be reached in 2, 3 weeks.
The main idea
Gold is expected to drop to $3,955 following a retracement into the $4,120, 4,220 zone.
