VasilyPonomarev
Long

GOLD: Next Week Will Be Important!!! Here is why...

OANDA:XAUUSD   Gold Spot / U.S. Dollar


hey traders,

very peculiar situation on  gold  .
analyzing the structure on a  daily chart  it looks like chances are still high that we will see a pullback
from current levels 1453 - 1460 and I still keep my long active.

HOWEVER

it looks like selling pressure is also accumulating.
if bears will manage to break below the underlined zone
it will trigger a massive selling reaction and will drive the market even lower to 1440 levels.

as it usually goes with the financial markets,
we have a very ambivalent situation.
be flexible and follow the market!

good luck!
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Can’t wait to see how this plays out
Kudos General👨🏻‍✈️
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