Hey traders,
Consolidation on Gold continues.
The market keeps trading within a narrow horizontal trading range on a daily.
Next week, look for a breakout trade:
bullish violation of 1866 - 1875 resistance will most likely trigger a bullish movement to 1910 resistance.
bearish breakout of 1824 - 1833 support will push the market all the way down to 1788.
Alternatively, you can consider range trading selling from resistance and buying from support after a confirmation.
What do you expect?
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.