GOLD (XAUUSD): How to Catch The Next Bullish Move🥇

6 Ağu 2022

Hey traders,

Gold nicely reacted to a key weekly structure support in the middle of July
and the market was growing for 3 consequent weeks.

The market is approaching a key weekly resistance now.
To catch the next bullish move, you should wait for a bullish breakout of 1780 - 1805 area.
Its bullish violation will trigger a bullish continuation to 1870.

I believe that Gold is quite overbought locally and we may see a correctional movement from the underlined resistance first.
Be patient traders, if I see a good shorting opportunity I will share that with you!

Good luck next week!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

7 Ağu 2022

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Check my new analysis on EURUSD: