GOLD (XAUUSD): Your Trading Plan For Next Week Explained

Here is my price action analysis for Gold on a 4H.

The market is currently trading in a sideways after
an extended up movement that was completed 5th of February.

We see a horizontal parallel channel formation.
To confirm the next bullish wave, I suggest waiting for a breakout
of its resistance.

4H candle close above 2887 will confirm the violation.
A bullish continuation will be expected at least to 2900 then.

Alternatively, a bearish breakout of the support of the channel
may trigger a correctional movement.


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