Gold Price Analysis for Next Week

Gold Price Analysis for Next Week

Gold is testing the upper boundary of the ascending channel and the 1H selling zone (2693 - 2686).

Two Possible Scenarios:

📉 Rejection at Resistance (2693 - 2686):

Targets:
2665 (Risk Zone)
2643 - 2648 (Order Block) – Best place to buy gold


📈 Breakout Above Resistance (2693 - 2686):

Next Target: 2715 - 2720 (Major Resistance Zone)