GOLD (XAUUSD): What to Expect Next Week? 🥇
Updated
Hey traders,
This week gold broke and closed above the resistance of a horizontal trading range on a daily.
The breakout is confirmed and we expect a further bullish continuation.
Next week I will expect a bullish move within a rising parallel channel on 4H.
This week the price perfectly respected a confluence zone between its support and a broken resistance of the range
and was nicely rejected from that.
Goal for buyers is 1997 - 2000 supply area.
Good luck!
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