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VasilyTrader
Jan 16, 2022 10:56 AM

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

GoldOANDA

Description



Hey traders,

Gold is stuck within a horizontal trading range on intraday time frames,
the price is coiling between 1782.0 - 1788.0 support and 1826.0 - 1832.0 resistance.

To catch a bullish continuation, wait for a bullish breakout of the upper boundary of the range.
Your goal will be a major falling trend line that I spotted on 3 days time frame.

If the price keeps consolidating, wait for the test of the support of the range.
It will be the closest safe point for you to buy from with the initial target being 1811.0 level.

Good luck next week!

❤️Please, support this idea with like and comment!❤️

Comment

Check my new analysis on DXY:
Comments
TradePlus-Fx
Nice chart! I am bullish too ;)
VasilyTrader
@Viktor_Vladzimirovich, good analysis!
ForexTrendline
Thanks for sharing, great chart! This is what we see on GOLD
Radik_trader
Long, after rollback
Thanks for idea
VasilyTrader
@Radik_trader, you are welcome bro)))
Hsan_Benhmed
Waiting for BREAKOUT 🚀
VasilyTrader
@hsanbenahmad, thank you for comment buddy!!!
VasilyTrader
What do you expect from gold next week?
qv1v11q
@VasilyTrader in Monday I expect hard drop to 1800 then up to 1900
VasilyTrader
@qv1v11q, thank you for sharing your thoughts my friend!
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