• Vasily Trader

GOLD (XAUUSD): Very Bearish Outlook For Next Week

Hey traders,

From the beginning of September, Gold remains very bearish:

the price is steadily falling within an expanding wedge pattern.

At the end of the week we got -5% decline.

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

If you do not have an active position consider the test of its resistance for occasional shorting.

Supports to watch: 1730 / 1700

1 view