Gold: Weekly Forecast 6th – 10th Jan 2020

The bullish trend unfolds steadily after over 3 months of consolidation and much faster than what was expected.The price climbed throughout last week and especially bullish on the last trading day.However, the price probably ran out of steam as volatility dies down towards market closure and closed just below the 4-month high at 1557.The trend is undeniably bullish but wait out patiently for a significant pullback before trying to catch the wave.As of current, if the price remains resisted in the beginning, there’s a chance for some significant pullback to buy gold again.

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