GOLD (XAUUSD): 2 Scenarios For Next Week Explained 🥇

12 Haz 2022

Hey traders,

Consolidation on Gold continues.
The market keeps trading within a narrow horizontal trading range on a daily.

Next week, look for a breakout trade:
bullish violation of 1866 - 1875 resistance will most likely trigger a bullish movement to 1910 resistance.
bearish breakout of 1824 - 1833 support will push the market all the way down to 1788.

Alternatively, you can consider range trading selling from resistance and buying from support after a confirmation.

What do you expect?

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13 Haz 2022

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