The Gold as it stands

The financial market is obviously going to return full this Monday the 8th of January 2024. Last week was slow market as some whale are still enjoy the holiday and some banks too have not fully returned to business. While some are busy with the entire of last week to prepare their goal for the first quarter and how they are gong to achieve it. So, this week is going to have every hand on deck as people resume fully to offices as well as there will be traction and volume in the financial market.

On a weekly Time Frame, the market is yet to show any sign of reversal nor any attempt to come back down. And since we cannot fight the current trend we have to be careful despite a slightly bearish close of last week candle.

On a daily we have something that looks like a Doji, still looking like we can have a test of 2080 region of resistance

It is important to note that the market will open with a slight down side before and upside according to what the chart interpretes

On an hourly time frame all we are seeing is just mere indecision and consolidation

Join our Telegram channel some good is coming soon
https://t.me/+ysv4Jsog_wpkNTdk

Note: This is not a financial advice but a personal analysis. Ensure proper research as well as analysis is taking before opening a trade

Posted Using InLeo Alpha