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PlamenTsonkov

Potential GOLD scenarios next week

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
PlamenTsonkov Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Gold goldtrading goldanalysis XAUUSD xauusdshort xauusdlong xauusdanalysis
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trendanalysis chartpattern gold goldtrading goldanalysis xauusd xauusdshort xauusdlong xauusdanalysis
This week, Gold reject 1724 - 1735 horizontal daily resistance.
We see a strong bearish reaction from that.

We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.

A bearish continuation will be expected then to 1623 area.

Wait for a confirmation, traders!
That will be our trigger.

Have a great weekend!
Comment:
If we playout this scenario for sure #XAU Gold will keep dipping to next Weekly Major Support .
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