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VasilyTrader
10 de Oct. de 2020 14:49

GOLD (XAUUSD): Important Decision AHEAD!!! Largo

Gold/U.S. DollarFXCM

Descripción



hey guys,

looks like next week will be very important for gold.
the price is approaching a strong daily resistance cluster based on a falling trend line and strong horizontal structure.

Friday's high momentum bullish candle indicates a strong bullish pressure and we will definitely see a breakout attempt next week.

in case of a daily candle close above a red resistance area, chances will be high that the price will keep growing.
I am preparing for a violation and will look for buying opportunities.

however, for now we are still below.
so bearish scenario is still possible, so if you see a reversal pattern on lower timeframes on monday/tuesday,
why not to try to catch a retracement.

let's just follow the market and act accordingly.

have a great weekend.
Comentarios
VasilyTrader
Are you bullish or bearish on gold next week?
RyodaBrainless
@VasilyPonomarev, bullish since 1881
VasilyTrader
@RyodaBrainless, thank you for comment bro!
Rehanalikha
@RyodaBrainless, you mean berrish because now 1930
RyodaBrainless
@Rehanalikha, 1930 will be the support base for rising the volumes and stability for the gold price itself.
joffeb2002
@VasilyPonomarev, bull.
FUNTRADER-Vera
@VasilyPonomarev, bull from me too.
wolffarchitecture
Everyone be very CAREFUL
Gold will Rise slightly for a few days.... then DROP way down to 1750
Don't be Fooled.....Exercise Caution
VasilyTrader
@wolffarchitecture, thank you for comment bro!!!
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