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Gold: How To Trade Next Week: Analysis, Forecast & Trading Plan

Short
OANDA:XAUUSD   Or / Dollar Américain
Traders, Gold fell from our high probability zone as per analysis. Please see previous analysis to understand the whole flow of analysis. (Links are below) It printed the biggest one day fall of this year and probably nearly whole decade. It created a bearish engulfing candle on weekly time frame and a Harami set up on daily time frame. It is also in the process of forming an M pattern which can push the price down. But there are few points we must consider before we take any long or short positions next week.


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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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