GOLD (XAUUSD): Two Zones to Watch Next Week 🥇

15 Ağu 2021

Hey traders,

Bullish rally on Gold continues.
With a very bullish US session on Friday,
here are the next resistances that I will pay close attention to next week:

• Resistance 1 - 1789 - 1798
  It is the closest strong supply zone.
  Wait for the confirmation to catch a pullback from there.
  
  For now it can be a bearish breakout of rising trend line on 4h.
  
  
• Resistance 2 - 1824 - 1833
  This are is based on the summer's high levels.
  Being reached, I will wait for a confirmation to catch a retracement leg.
  

For now my overall outlook for next week is bullish.
Let's see what the market will bring us.
Good luck!

❤️Please, support this idea with a like and comment!❤️

16 Ağu 2021

Not

Check my new analysis on GBPUSD, NZDUSD, GBPJPY, AUDNZD: