• Vasily Trader

GOLD (XAUUSD): Waiting For Important DECISION Next Week

Technically speaking, gold still remains bearish while it is trading within this major falling channel .

Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that.

For shorting wait for a bearish breakout of a small rising wedge pattern.

It will be a perfect confirmation.

For buying wait for a bullish breakout of a major falling channel .

Wait for a decision and only then act accordingly.

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