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VasilyTrader
Aug 15, 2021 10:12 AM

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

GoldOANDA

Description



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!

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

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