• Vasily Trader

GOLD (XAUUSD) Important Decision Ahead!

Gold is testing a major falling trend line again.

it looks like the next week will be very important because we will see the reaction of the market participants on that.

In case if break and close above that on a daily, the price will most likely return to a current local bullish trend and we will see a bullish continuation at least to 1925 supply level .

in case if the trend line is respected, sellers will most likely retest the major horizontal support and will try to breakthrough.

in case of a daily candle close below that, chances will be high that the price will drop.

goal for sellers will be 1800 demand level .

wait for the decision and then follow the market.