GOLD (XAUUSD) Waiting For Important Decision Next Week!
Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
Based on a current price action I see two potential scenarios:
1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation.
For now trading gold is not safe. Let it reach key levels before you open a trading position.
What do you think will happen?