VasilyTrader

GOLD (XAUUSD): Two Zones to Watch Next Week 🥇

Short
VasilyTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

Bullish rally on Gold continues.
With a very bullish US session on Friday,
here are the next resistances that I will pay close attention to next week:

  • Resistance 1 - 1789 - 1798
    It is the closest strong supply zone.
    Wait for the confirmation to catch a pullback from there.

    For now it can be a bearish breakout of rising trend line on 4h.

  • Resistance 2 - 1824 - 1833
    This are is based on the summer's high levels.
    Being reached, I will wait for a confirmation to catch a retracement leg.

For now my overall outlook for next week is bullish.
Let's see what the market will bring us.
Good luck!

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