VasilyTrader

GOLD (XAUUSD): Key Levels to Watch Next Week 🥇

Long
VasilyTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

For the last 8 trading days, gold remains quite weak.
Here are key levels to watch next week:

  • Support 1:
    1758 - 1764 demand zone

  • Support 2:
    1718 - 1726 demand zone

  • Support 3:
    1674 - 1682 demand zone

  • Resistance 1:
    Major falling trend line connecting the last 3 lower highs.

  • Resistance 2:
    1873 - 1880 supply zone

Consider these key levels for pullback/trend-following/breakout trading.
Wait for a confirmation on a key level first before you open a trading position.

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