Gold stabilized above $2,300 at the end of the week

Gold stabilized above $2,300 at the end of the week Gold OANDA:XAUUSD Joe-Lewis Hello all dear traders! Let's discuss and strategize our new day! The end of the week above the 2,300 USD mark shows significant achievements and a positive short-term outlook for this metal. However, gold's decline is expected to deepen if purchasing power in Asia decreases. Talking about the medium term, I still maintain strong belief that the technical downtrend of gold will continue. The resistance mark of 2328 USD is held by sellers amid a correction and sell-off, in a scenario where gold bounces back and retests the resistance level. The bearish scenario will begin, the most potential target is 2,150 USD.

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