GOLD (XAUUSD) Two Scenarios For Next Week Explained 🥇
Actualizado
Hey traders,
Analyzing a price action on Gold I see two potential scenarios for next week.
- Bearish
The price formed a head and shoulders pattern on 12h chart.
1790 - 1795 is its neckline.
In case if the price breaks that and closes below, bearish continuation will be expected.
Next support will be 1756 - Bullish
Do not forget that the price is still trading in a local bullish trend.
For now, the price is trading above the last higher low level so technically speaking we are still bullish.
The price formed a falling wedge pattern on 4H chart.
In case of its bullish breakout,
bullish continuation will be expected to retest a current structure high.
Goal - 1831
Wait for the trigger and follow the market.
Are you bullish or bearish on Gold?
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Nota
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