VasilyTrader

GOLD (XAUUSD): Your Trading Plan For Next Week 🥇

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

GOLD perfectly respected a contracting supply zone on a daily time frame,
based on a major falling trend line and a horizontal resistance.

Next week, pay attention to a double top pattern on a 4H time frame.
If the price breaks and closes below 1934 - the neckline of the pattern,
a bearish continuation will be expected at least to 1926.

Because the market is trading in a bearish trend since May,
I remain very bearish biased.
However, a bullish breakout of the underlined blue are may trigger a strong bullish wave.

❤️Please, support my work with like, thank you!❤️

âś…Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

đź’°Instagram: www.instagram.com/VasilyTrader/ đź’°

âś…Facebook: www.facebook.com/VasilyTrading/ âś…
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.