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Gold Weekly Forecast ( March 6-10)

Daily chart analysis
The downtrend will continue below EMA50 (1220). A first target in the medium term might be at 1179.41 (Fibo 23%). According to the daily chart, the MACD and the stochastic oscillator confirm the downtrend.

Gold Weekly Forecastdaily page 001

8 hour chart analysis
The MACD indicates a downtrend on the 8 hour chart. The confirmation of a downtrend will be below EMA 200, with a potential target at 1204.45 (Fibo 38%).

Gold Forecasth8 page 001

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