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

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?

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

Yorum:

Check my new idea on BTCUSD: