• Vasily Trader

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?