Potential GOLD scenarios next week
Updated
This week, Gold reject 1724 - 1735 horizontal daily resistance.
We see a strong bearish reaction from that.
We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.
A bearish continuation will be expected then to 1623 area.
Wait for a confirmation, traders!
That will be our trigger.
Have a great weekend!
We see a strong bearish reaction from that.
We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.
A bearish continuation will be expected then to 1623 area.
Wait for a confirmation, traders!
That will be our trigger.
Have a great weekend!
Note
If we playout this scenario for sure #XAU Gold will keep dipping to next Weekly Major Support .
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