Hey traders,
Gold nicely reacted to a key weekly structure support in the middle of July
and the market was growing for 3 consequent weeks.
The market is approaching a key weekly resistance now.
To catch the next bullish move, you should wait for a bullish breakout of 1780 - 1805 area.
Its bullish violation will trigger a bullish continuation to 1870.
I believe that Gold is quite overbought locally and we may see a correctional movement from the underlined resistance first.
Be patient traders, if I see a good shorting opportunity I will share that with you!
Good luck next week!
โค๏ธIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!โค๏ธ
ืืขืจื:
Check my new analysis on EURUSD:
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ