Short

GOLD (XAUUSD): Detailed Technical Outlook 🥇

Updated

Hey traders,

Gold closed within a major horizontal weekly structure resistance again.
Analyzing an intraday perspective, I spotted a rising wedge on 12H time frame.
The price nicely bounced from its support on Friday.

To catch a correctional move from the underlined structure, wait for a bearish breakout of a wedge's support.
It will trigger a bearish move at least to 1775.

Alternatively, weekly candle close above a yellow area will trigger a bullish continuation.

Good luck next week!

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

Check my new idea on Oil:

Crude Oil (WTI): Technical Outlook For Next Week 🛢️

VasilyTrader

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