GOLD (XAUUSD): Your Ultimate Trading Plan For Next Week 🥇
Updated
Hey traders,
A lot of questions about gold.
And I guess we all agree that the market is very stubborn at the moment.
It looks like the market maker managed to fool everyone.
Analyzing a price action on a daily, I spotted a horizontal trading range where the price is stuck at the moment.
1824 - 1837 is its support.
1866 - 1874 is its resistance.
Next week I would suggest looking for a breakout trade:
bearish violation of the support of the range will trigger a bearish move to 1793
while a bullish breakout of its resistance may initiate a bullish movement to 1905.
Alternatively, you can consider trading the market within the range
buying from its support and selling from the resistance.
Good luck next week!
❤️If you have any questions, please, ask me in the comment section.
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Note
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