Weekly reviews

Weekly XAUUSD market technical outlook

XAUUSD
Weekly chart:
A very dynamic corrective downswing has started. We note distinct bearish engulf of the whole inside bar zone. There are almost no doubts, that sellers are capable to provide drop of the quotes towards the PPZ 1244.00-1245.00.

Conclusions:

Decline in direction 1244.00-1245.00.

Trading recommendations:

Shorts towards 1244.00-1245.00.