GOLD (XAUUSD): 2 Scenarios Explained 🥇

US fundamentals are coming in 30 minutes.
Here are the potential scenarios for Gold.

Bullish Scenario
The market is currently testing 2041 resistance.
If the market breaks and closes above that
a bullish continuation will be expected at least to 2070.

Bearish Scenario
Gold is currently consolidating within a narrow
horizontal range on an hourly time frame.
If the price breaks and closes below its support - 2029,
a bearish movement will be anticipated at least to 2015.

Wait for a breakout and then follow the market.

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Komentarz:

Please, check my new video analysis for Gold:

02:47

Komentarz:

The market violated a support of the range and reached the target!