GOLD (XAUUSD): Technical Outlook For Next Week! Price Action 🥇

Long

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

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern wedgepattern gold xauusd silver xagusd futures

Hey traders,

This week was very bullish for Gold.
The price managed to set a new local higher high higher close.
Analyzing a price action an expanding wedge pattern can be spotted.
Higher lows are perfectly respecting its support
and higher highs are respecting its resistance.

Next week I will expect a bullish continuation within the boundaries of the wedge.
I will look for trend-following trades from its support.

Key resistances:
1813
1830

Good luck!

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GOLD (XAUUSD): Technical Outlook For Next Week! Price Action 🥇

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