Search
  • Vasily Trader

GOLD (XAUUSD): Technical Outlook For Next Week! Price Action



Hey traders,


This week was very bullish for Gold .

The price managed to set a new local higher high higher close.

Analyzing a price action an expanding wedge pattern can be spotted.

Higher lows are perfectly respecting its support

and higher highs are respecting its resistance.


Next week I will expect a bullish continuation within the boundaries of the wedge .

I will look for trend-following trades from its support.


Key resistances:

1813

1830


Good luck!

0 views