• Vasily Trader

GOLD (XAUUSD): Two Zones to Watch Next Week

Hey traders,

Bullish rally on Gold continues.

With a very bullish US session on Friday,

here are the next resistances that I will pay close attention to next week:

Resistance 1 - 1789 - 1798

It is the closest strong supply zone .

Wait for the confirmation to catch a pullback from there.

For now it can be a bearish breakout of rising trend line on 4h.

Resistance 2 - 1824 - 1833

This are is based on the summer's high levels.

Being reached, I will wait for a confirmation to catch a retracement leg.

For now my overall outlook for next week is bullish .

Let's see what the market will bring us.

Good luck!