GOLD (XAUUSD): Two Zones to Watch Next Week 🥇
Updated
Hey traders,
Bullish rally on Gold continues.
With a very bullish US session on Friday,
here are the next resistances that I will pay close attention to next week:
- Resistance 1 - 1789 - 1798
It is the closest strong supply zone.
Wait for the confirmation to catch a pullback from there.
For now it can be a bearish breakout of rising trend line on 4h. - Resistance 2 - 1824 - 1833
This are is based on the summer's high levels.
Being reached, I will wait for a confirmation to catch a retracement leg.
For now my overall outlook for next week is bullish.
Let's see what the market will bring us.
Good luck!
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