Gold: Weekly Forecast 23rd – 27th Dec 2019

The gold was little changed but closed with a second bullish candle in the weekly chart.The price is currently facing a breakout at the 3-month falling trendline and in fact, it was broken in the H4 chart.While we stick to the same bullish view on gold, there may be some downward spikes before it goes into a real trend.As of current, levels for entry are 1474 and 1446.It may be Christmas and volatility could be low but stay alert somehow for surprise movement from gold.

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