• Vasily Trader

GOLD (XAUUSD): What to Expect Next Week? Technical Outlook

Hey traders,

What a bullish Friday was on Gold .

The price bounced nicely from a support line of an expanding wedge pattern reaching its resistance.

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

After a slight retracement from its upper boundary buyers will aim at 1830 - 1832 cluster.

That zone is a key summer's high.

As the yellow zone is reached, I will look for a pullback trade from there.

Have a great weekend!