VasilyTrader

GOLD (XAUUSD): Two Zones to Watch Next Week 🥇

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

Hey traders,

Bullish rally on Gold continues.
With a very bullish US session on Friday,
here are the next resistances that I will pay close attention to next week:

Resistance 1 - 1789 - 1798
It is the closest strong supply zone .
Wait for the confirmation to catch a pullback from there.

For now it can be a bearish breakout of rising trend line on 4h.

Resistance 2 - 1824 - 1833
This are is based on the summer's high levels.
Being reached, I will wait for a confirmation to catch a retracement leg.

For now my overall outlook for next week is bullish .
Let's see what the market will bring us.
Good luck!

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Comments

Do you agree with my analysis?
+1 Reply
1798 sell sure
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VasilyTrader alehan1143
@alehan1143, thank you for comment my friend!
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