XAUUSD SETUP AHEAD OF NEXT WEEK
XAU/USD seems to be trending below 1725-30resistance, inside a falling wedge. The two possibilities could get played out.
It is advisable to wait for a breakout above the previously mentioned resistance zone before looking into a LONG trade. Or
Wait for a break below the 1685-80 support zone before looking into a SHORT trade.
It is advisable to wait for a breakout above the previously mentioned resistance zone before looking into a LONG trade. Or
Wait for a break below the 1685-80 support zone before looking into a SHORT trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.