Important supply and demand areas for next week are shown on the chart.
Gold hit the downward price channel last week and at the end of the week, it was able to break the downward channel from above. Thus, gold has now completed the "bullish flag" pattern.
The start of next week for gold is expected to rise to reach daily supply levels around 1750. Along the way, there are intensive supply zones in H4 time frames, daily and weekly, which we have to wait and see.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
Gold hit the downward price channel last week and at the end of the week, it was able to break the downward channel from above. Thus, gold has now completed the "bullish flag" pattern.
The start of next week for gold is expected to rise to reach daily supply levels around 1750. Along the way, there are intensive supply zones in H4 time frames, daily and weekly, which we have to wait and see.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
Trade closed: target reached:
Done!
