GOLD (XAUUSD): Technical Analysis & Outlook For Next Week 🥇
Updated
Hey traders,
This week Gold was very weak and indecisive.
The price is currently stuck within a wide intraday trading range.
Due to uncertainty with the current geopolitical situation, the market participants are waiting for some trigger for clarification.
There are two options for you to trade gold next week:
1 - you can trade the market within the range,
buying from support and selling from resistance.
or
2 - you can wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high
or sell a bearish breakout of the range's support expecting a drop to 1850.
Pay close attention to fundamentals next week.
Good luck!
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