Gold (XAUUSD): Technical Outlook & Things to Watch Next Week 🟡
Hey traders,
This week was very bullish for gold and the price managed to return to a key weekly resistance cluster
from where it retraced earlier.
Next week, I will look for a pullback trade.
I spotted a rising parallel channel on 1H time frame and my trigger to short will be its bearish breakout - 1H candle close below its support.
A bearish continuation will be expected to 1790 then.
Alternatively, the next bullish move will initiate ONLY AFTER a breakout of the underlined resistance.
If you want to buy, I would suggest you waiting for its bullish breakout.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.