GC1! Weekly Analysis for the week of 2/21/22


GC1! Weekly Analysis for the week of 2/21/22

Last week’s price action, most importantly last weeks price settlement was exciting to say the least. What’s next?

1,900 can contain buying pressure, beyond which 1940 is attainable if the 1,900 resistance is broken through.

A retest of 1,875 is not out of the question in the near term if price doesn’t continue to follow through.

1,815 would be the next downside target beyond a break of 1,875 to the downside.

Continued volatility in the broader markets served gold well this past few week, so we’ll see what happens.