XAU/USD FORECAST FOR NEXT WEEK
XAU/USD Market has given us two possibilities for next week, the first possibility is that the market has made a double top but hasnt broken
its neckline... so for first possibility we can wait for market to brake the double top (M) and test the neckline then we can enter for a sell using our risk management.
for the second possibility maket closed the week on a zone that it might reject to brake therefore might cause market to break the structural high and retest it and thats where we could look for buys.
Note: this is my personal opinion, feel free to agree or disagree on the comments
its neckline... so for first possibility we can wait for market to brake the double top (M) and test the neckline then we can enter for a sell using our risk management.
for the second possibility maket closed the week on a zone that it might reject to brake therefore might cause market to break the structural high and retest it and thats where we could look for buys.
Note: this is my personal opinion, feel free to agree or disagree on the comments
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