Potential GOLD scenarios next week

This week, Gold reject 1724 - 1735 horizontal daily resistance.
We see a strong bearish reaction from that.

We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.

A bearish continuation will be expected then to 1623 area.

Wait for a confirmation, traders!
That will be our trigger.

Have a great weekend!

Komentarz:

If we playout this scenario for sure #XAU Gold will keep dipping to next Weekly Major Support .