XAUUSD : bearish target 1950 !

5 Mar 2022

As the Ukrainian and Russian wars continue to escalate,
Gold reached 1970 again, as I predicted.

Looking at the weekly chart, you can see that the overhead resistance is very strong, the highs from 2020.
From a technical point of view, there must be a callback demand, and we look at the falling target of 1950.

Currently, I have closed my gold long order at the 1970 position.
I will open a short order next week.
I would like to have at least a chance of making a profit of 20 units.

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