Get started
VasilyTrader

GOLD (XAUUSD) Waiting For Important Decision Next Week!

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
VasilyTrader  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis futures Gold XAUUSD trading tehnicalanalysis CFD trader swingtrading
3
2
trendanalysis chartpattern waveanalysis futures gold xauusd trading tehnicalanalysis cfd trader swingtrading
snapshot

Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.

Based on a current price action I see two potential scenarios:

1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation.

For now trading gold is not safe. Let it reach key levels before you open a trading position.

What do you think will happen?
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

VasilyTrader
EURUSD: Nice Potential for Growth
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.