GOLD (XAUUSD): Technical Outlook For Next Week! Price Action ðĨ
āļāļĩāđāļāļąāļāđāļāļ:
Hey traders,
This week was very bullish for Gold.
The price managed to set a new local higher high higher close.
Analyzing a price action an expanding wedge pattern can be spotted.
Higher lows are perfectly respecting its support
and higher highs are respecting its resistance.
Next week I will expect a bullish continuation within the boundaries of the wedge.
I will look for trend-following trades from its support.
Key resistances:
1813
1830
Good luck!
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