Analyzing a price action on Gold I see two potential scenarios for next week.
Bearish The price formed a head and shoulders pattern on 12h chart. 1790 - 1795 is its neckline. In case if the price breaks that and closes below, bearish continuation will be expected. Next support will be 1756
Bullish Do not forget that the price is still trading in a local bullish trend. For now, the price is trading above the last higher low level so technically speaking we are still bullish. The price formed a falling wedge pattern on 4H chart. In case of its bullish breakout, bullish continuation will be expected to retest a current structure high. Goal - 1831
Wait for the trigger and follow the market.
Are you bullish or bearish on Gold?
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Thanks for a good analysis. I am on standby for gold with the following facts.
Weekly chart up trend line is valid supporting $1750
Daily candles have bottom pin bars supporting $1790 which is 50% Fib retracement between bottom $1750 and top $1835.
I believe that Bull is under control the market and wait & see on Monday.