GOLD (XAUUSD): Technical Outlook & Things to Watch Next Week 🥇

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

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After the test of a major horizontal daily demand cluster, sellers look weak on Gold.
Analyzing the price action for the last 3 weeks, I spotted a completed inverted head & shoulders pattern.

1925 - 1941 is the neckline of the pattern.
Bullish reversal will be confirmed once a daily candle closes above that.
A bullish continuation will be expected then to 1957.

Remember, that at the moment the neckline constitutes a solid resistance,
so I strictly do not recommend buying now.

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GOLD (XAUUSD): Technical Outlook & Things to Watch Next Week 🥇

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