VasilyTrader

GOLD: outlook for next week

Short
FX:XAUUSD   Gold Spot / U.S. Dollar

Gold is again trading above 1280 structure resistance level.
Due to strong bullish momentum, the market will most likely reach 1295-1300 resistance area.

Taking into account structure on the left, resistance line of a descending triangle,
and projection of BC leg of harmonic ABCD pattern, we have a very good area to sell.

Initial target is 1280.


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