GOLD (XAUUSD): Your Trading Plan For Next Week🥇

29 thg 5, 2022

Hey traders,

Analyzing a price action on intraday time frames I see some signs of accumulation and local indecision.
The price is stuck between two structure clusters:
1865 - 1975 resistance
1832 - 1840 support.

Next week, wait for a breakout of one of these structures.
Bullish breakout of resistance (4H candle close above) may trigger a bullish continuation to 1900
while a bearish violation of support may lead to a bearish movement to 1810 level.

Wait for a breakout and then follow the market.

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