Short

GOLD (XAUUSD): Technical Outlook For Today🥇

Updated

Quick update for Gold:
We have spotted earlier a major weekly structure resistance that the price is approaching at the moment.

Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel.
While the price is staying within, the market remains bullish.

Bearish breakout of a support of the channel will trigger a correctional movement.

Bullish breakout of a weekly resistance will trigger a bullish continuation.

For now, the best strategy is to wait!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Note

Watch my new video on GOLD:

VasilyTrader

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Also on:

Related publications

GBPCHF: Important Breakout & Bearish Continuation 🇬🇧🇨🇭

by VasilyTrader

USDJPY: Potential Short Trade Explained 🇺🇸🇯🇵

by VasilyTrader

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.