GOLD (XAUUSD): Important Decision AHEAD!!! (Trading Plan)
looks like next week will be very important for gold.
the price is approaching a strong daily resistance cluster based on a falling trend line and strong horizontal structure.
in case of a daily candle close above a red resistance area , chances will be high that the price will keep growing.
I am preparing for a violation and will look for buying opportunities.
however, for now we are still below.
so bearish scenario is still possible, so if you see a reversal pattern on lower timeframes on monday/tuesday,
why not to try to catch a retracement.
let's just follow the market and act accordingly.
have a great weekend.