• Vasily Trader

GOLD (XAUUSD): Detailed Analysis and Your Plan For Next Week

I guess we all agree that ⚠️gold was playing heavily with our expectation this week.

We saw a key level test and its false breakout.

We saw a bearish signal and a massive stop hunt.

Something is definely going on there.

For the next week here are two scenarios for you to watch:

1️⃣In case of a bullish breakout of the underlined structure cluster and daily candle close above that, chances will be high to see a bullish continuation to 1955 level - next strong resistance.

2️⃣In case of a bearish breakout of a rising channel , bearish continuation will be expected.

The next support will be 1805 level.