GOLD (XAUUSD): Detailed Analysis and Your Plan For Next Week

23 May 2021

I guess we all agree that ⚠️gold was playing heavily with our expectation this week.
We saw a key level test and its false breakout.
We saw a bearish signal and a massive stop hunt.

Something is definely going on there.

For the next week here are two scenarios for you to watch:

1️⃣In case of a bullish breakout of the underlined structure cluster and daily candle close above that, chances will be high to see a bullish continuation to 1955 level - next strong resistance.

2️⃣In case of a bearish breakout of a rising channel, bearish continuation will be expected.
The next support will be 1805 level.

24 May 2021

Not

Check my new idea on XRPUSD: