Long

GOLD (XAUUSD): What to Expect Next Week? Technical Outlook 🥇

Updated

Hey traders,

What a bullish Friday was on Gold.
The price bounced nicely from a support line of an expanding wedge pattern reaching its resistance.

Next week I will expect a bullish continuation within the boundaries of the wedge.
After a slight retracement from its upper boundary buyers will aim at 1830 - 1832 cluster.
That zone is a key summer's high.

As the yellow zone is reached, I will look for a pullback trade from there.

Have a great weekend!

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Note

Check my new analysis on EURUSD:

EURUSD: Market Breakdown & Technical Outlook 🇪🇺🇺🇸

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