RLinda Trading
Professional trader with more than 12 years of experience in Forex, gold and cryptocurrency markets, including work with various exchanges, brokers and market makers, a large amount of theoretical and practical knowledge. With these capabilities in mind, we offer you the best signal provider service. Best forex signals, crypto signals and accurate gold signals will allow you to become a winner in trading
R.Linda Trading - forecast

GOLD → Recovery after the FB of 0.5 fibo. What's next?

GOLD Forecast
GOLD on Thursday tests 0.5 fibo, which I outlined to you on April 17, forms a false breakdown and recovers amid unstable geopolitical relations in the world. Price may continue its northward run.

The dollar continues to fall. The fundamental background depends on the relationship between the US and China as well as economic data especially after Powell's speech. The weekly session closes close to support, the decline may continue.

Gold after the shakeout is heading back north. Based on the fundamental background, the price may continue to rise. There are three days of downtime ahead as traders rest.

Fundamentally, anything can happen over the weekend, however, technically, the emphasis is on intermediate levels. The trend is still strong and bullish

Resistance levels: 3332, 3344, 3357

Support levels: 3313, 3288, 3284

If nothing supernatural happens over the weekend, gold in the Asian session may bounce off the nearest resistance and test trend support before continuing the uptrend. If there are any critical changes in the mood of countries/politicians then I will update the situation

Regards R. Linda!