GOLD (XAUUSD): Technical Analysis & Outlook For Next Week

 By VasilyTrader

Hey traders, 

This week ⚠️Gold was very weak and indecisive. 

The price is currently stuck within a wide intraday trading range. 

Due to uncertainty with the current geopolitical situation, the market participants are waiting for some trigger for clarification. 

There are two options for you to trade gold next week: 

1. You can trade the market within the range, 

buying from support and selling from resistance. 

2. You can wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high 
or sell a bearish breakout of the range's support expecting a drop to 1850. 

Pay close attention to fundamentals next week.

Watch Detailed Video Analysis On EURUSD 


Popular posts from this blog

How, Where To Stake XRP? Is It Profitable?

How Can You Buy and Stake Shiba Inu Coin?

Two Days Before The 2016 Halving Bitcoin Plunged 11%

How to use RSI effectively in Trading

NEO fights recovery: Technical Analysis

Bitrue lists 27 new XRP-based trading pairs

Ethereum Price Analysis: Ethereum Struggles to Recover

Bitcoin Price Surges Above $6.7K

Where to Buy and Get Free Hedera Hashgraph ( HBAR )

Ethereum Shows Recovery: Bulls Jump In Again