Gold - XAU - Weekly Outlook
Updated
Hello traders, I hope everyone had a great weekend. Markets open soon and we are going to take a look at Gold.
Gold looks good for a buy this week. We broke impulsively from market structure and are soon to re-test this previous Supply Level.
Watching our Daily Demand Block & 0.5 Fib level for entries and a strong reaction.
A confirmed support within our Demand Block would take Gold near its previous highs where we will look for a potential push towards our 0.5 Fib or a rejection from the bears. $1230 being a major resistance zone. Lets have a good week of trading!
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Gold looks good for a buy this week. We broke impulsively from market structure and are soon to re-test this previous Supply Level.
Watching our Daily Demand Block & 0.5 Fib level for entries and a strong reaction.
A confirmed support within our Demand Block would take Gold near its previous highs where we will look for a potential push towards our 0.5 Fib or a rejection from the bears. $1230 being a major resistance zone. Lets have a good week of trading!
Follow on Twitter - Website link in Bio
Trade closed: target reached
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