XAUUSD Weekly Forecast

5. Jan. 2020

Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can see a turn back higher above the 9/4/19 highs in wave I. Afterward the metal can correct the cycle from the 12/12/17 lows.