GOLD (XAUUSD): Ultimate Technical Outlook For Next Week 🥇

18 בדצמ׳ 2021

Hey traders,

As I previously predicted, Gold nicely bounced from a key daily support.

Even though the market was sharply bullish, I want to remind you that technically speaking the market is still consolidating.
The market is still stuck within a horizontal trading range.
1750 - 1760 is its support.
1811 - 1818 is its resistance.

To catch a bullish continuation, wait for a bullish breakout of the underlined blue resistance.
After the breakout the price will most likely keep growing to 1848 level.

If you are bearish, consider a bearish breakout of a support of the range.
In case of a daily candle close below that, bearish continuation will be expected.

What do you expect?

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19 בדצמ׳ 2021

הערה

Check my new idea on EURUSD: