Hi Guys!
here my first gold forecast for the next week. as you can see i suppose that we forming head and shoulders.
In my opinion there will be a correction. I know that next week will seem important data about QE. But I think before Gold continues to fall down, it will take another little rest. As you can see on my picture i suppose that we will make the right shoulder till 1399 before the down trend continues.
for bigger preview please click link below
Chart GOLD, D1
So what you think about? Also in my other technical analysis i can see hidden bullish divergence on daily chart.
Ok guys have a nice weekend and I would appreciate your feedback.
greetings
Alex