Hey traders,
Here is my latest structure analysis for Gold:
The price is currently consolidating between 2 structures:
Resistance 1: 1754 - 1766 area
Support 1: 1727 - 1735 area
I guess the market may keep coiling between these areas next week.
The breakout of one of those will trigger a bullish/bearish continuation.
Next support: major falling trend line
Next resistance: 1801 - 1808 area
Good luck next week!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.