GOLD (XAUUSD) Price Action & Outlook for Next Week
Updated
For a quite long period of time, I remain bullish biased on gold.
Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider.
After some stagnation and consolidation, the price has dropped retesting the broken trend line.
A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow.
The price may retest a current local 4H high and then go even higher.
Good luck and have a great weekend!
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