Gold Weekly Summary and Forecast 5/10/2025

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As predicted last week, I did expect gold's bullish trend to continue when 3165 was tested. However, it didn't go as predicted but went straight up to 3430. With corrections in the last days of this week, gold still closed the week with a positive candle. I am expecting the bullish trend to continue next week.

I will look in smaller timeframes for intraday trading ideas. Next week it should test 3500 again. If 3500 is broken, my ultimate target for next week will be 3647.

Let's see how the market plays out next week.

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