GOLD (XAUUSD): What to Look At Next Week 🥇

Hey traders,

As I predicted, Gold perfectly bounced from 1870 key daily structure support.
On Friday the price reached a minor 4H resistance and started to retrace from that.

It looks like the price is currently stuck between two structures:
one - intraday resistance and another - major daily support.

To buy the market, I would wait for a bullish breakout of the resistance (we need a 4h candle close above that).
Next goals will be 1939 / 1955.

Also, you can wait for one more test of a daily support and then wait for a confirmation to buy.

If you want to sell, I would consider a bearish breakout of the underlined support (we need a daily candle close below that).
Then the price may drop to 1855.

Have a great weekend!

❤️If you have any questions, please, ask me in the comment section.
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Commentaire:

Check my new idea on EURUSD: