• Vasily Trader

GOLD (XAUUSD) What to Expect Next Week?

Gold is currently trading within a wide horizontal trading range on a daily.

1765 is its low and 1965 is its high.

On Friday the price almost reached the support of the range.

Depending on the reaction of the market to that here are two potential scenarios:

1 - The price may respect the support and continue trading within the underlined boundaries

2 - The price may drop the support. Daily candle close below will signify a highly probable bearish continuation.

Make your trading decisions accordingly or wait for a reaction first, and only then follow the market.

What do you think will happen?

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