Happy Valentine’s day Traders,
Finally, we have come to the close of the trading week. Let’s hit the charts and conclude the week, I don’t want to disturb whatever you may be enjoying.
1. XAU/USD (GOLD)
Gold has been trending for over a week now.
Price has been unable to break through resistance level 1314.99, and price has also been unable to go below price level 1302.40.
Let’s not also forget that price is locked within an ascending channel. Looking at the weekly time frame, Gold is still bullish.
If the present candlestick closes bullish, there is every likelihood that price may go above level 1320.91. If the candlestick closes with a bearish pin-bar, we may see price trying to break the weekly support level 1297.38.
It’s a Friday, be cautious as you take any trade.
Do have a great weekend guys and stay blessed.
