As I see gold for the week ahead
On first analysing the week the initial opening I believe would be to make the1778 resistance level, as seen on the chart this more or less forms a double top, some may deem this a cup and handle, I see a short lived pull back to the 1770 area, (new entry at this point TP:1844), it became evident a copy fractal was starting to form (cf1) on placing cf2 in place, I was surprised the fractal finished exactly at the 1800 price line, cf2 could work, but the resistance level at 1788 is too strong to just break on first kiss, so I see potential retrace to the 1778 support level, then fingers crossed, we should make that touch of 1800 and reaching the top of cf2, I believe the market will range here waiting on a trigger to make a move, I have taken Thursdays NFP as this trigger, the trade at this point would be $20 above main trend line, (see linked chart below), a pull back here should be considered quite feasible closing on Friday around 1783, however I have predicted a further rise closing in the 1817 area, next week may see 1844 with a possible large drop.
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