Analyzing a price action on Gold I see two potential scenarios for next week.
The price formed a pattern on 12h chart.
1790 - 1795 is its neckline.
In case if the price breaks that and closes below, continuation will be expected.
Next support will be 1756
Do not forget that the price is still trading in a local .
For now, the price is trading above the last higher low level so technically speaking we are still .
The price formed a pattern on 4H chart.
In case of its breakout,
continuation will be expected to retest a current structure high.
Goal - 1831
Wait for the trigger and follow the market.
Are you or on Gold?
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