Long

GOLD (XAUUSD): Where to Buy From Next Week?🥇

Updated

Hey traders,

Even though Gold retraced yesterday, I still remain very bullish-biased.

Here are two buy zones for you to watch next week:

Zone 1:
1868 - 1880 demand area.
The market already bounced from that slightly.
On Monday, watch how the market opens.
Look for an intraday confirmation to buy.

Zone 2:
The underlined blue demand area is based on a confluence between a broken major falling trend line and 1843 - 1853 horizontal support.
For now, it is the strongest structure to buy from.
Again, once that structure is reached, look for confirmation first.

I guess the goal for buyers will be 1954 - 1974 supply area.

p.s
by confirmation, I mean a reversal price action pattern with a neckline breakout

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Note

Check my new analysis on EURUSD:

EURUSD: Important Zone to Watch Next Week 🇪🇺🇺🇸

VasilyTrader

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