Gold Daily Analysis 09.09.2022

Gold is consolidating after forming a double bottom by testing the support at 1690. However we need a breakout from the present sideways pattern above 1728 in daily chart for more bulls to show. Today is week close. So we can expect SL hunting on sell side. We can hope for the breakout next week.

SELL 1726 SL 1732 TP 1716
BUY 1706 SL 1696 TP 1726