GOLD (XAUUSD) ATH Ahead! What is Next ๐
https://www.tradingview.com/x/iALcqRf3/
What a bullish week for Gold.
The market closed approaching the ALL TIME HIGH!
Here is your plan for next week.
Bullish scenario:
if the price breaks and closes above 2074 on a weekly,
it will confirm the strength of the bulls one more time.
A bullish rally will push the prices to 2200 then.
Bearish scenario:
The market may drop from ATH as it happened 2 times in the past already.
Your bearish confirmation will be a bearish breakout of a support of a rising
channel on a daily. It will drop the prices at least to 2010.
Current geopolitical and macroeconomic situation strongly support a bullish scenario.
BUT I always say that it is safer to wait for a confirmation.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
What a bullish week for Gold.
The market closed approaching the ALL TIME HIGH!
Here is your plan for next week.
Bullish scenario:
if the price breaks and closes above 2074 on a weekly,
it will confirm the strength of the bulls one more time.
A bullish rally will push the prices to 2200 then.
Bearish scenario:
The market may drop from ATH as it happened 2 times in the past already.
Your bearish confirmation will be a bearish breakout of a support of a rising
channel on a daily. It will drop the prices at least to 2010.
Current geopolitical and macroeconomic situation strongly support a bullish scenario.
BUT I always say that it is safer to wait for a confirmation.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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