GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇
https://www.tradingview.com/x/LdTYTgW0/
This week was very slow for Gold.
The market was consolidating after setting a new all-time high.
Here are potential scenarios for next week.
If the price drops and closes below 2144 level on a daily,
it will confirm the strength of the sellers and a correctional movement will be anticipated
at least to 2090 level.
Alternatively, a bullish breakout of a falling trend line on a 4H time frame will be
an important bullish confirmation.
A retest of a current high will be anticipated then.
Patiently wait for a breakout next week,
that will be your trigger.
❤️Please, support my work with like, thank you!❤️
This week was very slow for Gold.
The market was consolidating after setting a new all-time high.
Here are potential scenarios for next week.
If the price drops and closes below 2144 level on a daily,
it will confirm the strength of the sellers and a correctional movement will be anticipated
at least to 2090 level.
Alternatively, a bullish breakout of a falling trend line on a 4H time frame will be
an important bullish confirmation.
A retest of a current high will be anticipated then.
Patiently wait for a breakout next week,
that will be your trigger.
❤️Please, support my work with like, thank you!❤️
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