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  • Vasily Trader

GOLD (XAUUSD) Price Action & Outlook for Next Week



For a quite long period of time, I remain bullish biased on gold .


Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider.

After some stagnation and consolidation, the price has dropped retesting the broken trend line .


A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow.

The price may retest a current local 4H high and then go even higher.


Good luck and have a great weekend!

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