GOLD (XAUUSD): Your Technical Outlook For Next Week 🥇

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Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

parallelchannel flagpattern trendline gold goldtrading goldidea goldusd goldanalysis xauusd priceaction

Hey traders,

Very peculiar situation on Gold.
After the market dropped nicely at the end of December,
it started to recover steadily within a rising parallel channel.

While the market is staying within the channel you can consider
intraday/scalping trades from its boundaries:
buying the support and selling the resistance.

In case of a bearish breakout of its support,
perceive the channel as a bearish flag pattern and sell the market with the initial target being 1782.

Good luck next week, traders!

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Idées en relation

about EURUSD 27

about AUDUSD 25

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