Weekly Gold analysis for week ending September 16th, 2022.


New weekly lows for Gold. Price continues making lower lows and lower highs on a weekly level. Price has broken below both the 2022 and 2021 lows. Price remains under pressure as we see support levels broken. The double top at $2,070 combined with the break below $1,680, is a medium-term bearish signal that implies more downside should be expected. This week's high is key resistance for the short-term trend.

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