GOLD (XAUUSD): 2 Scenarios Explained ๐ฅ
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https://www.tradingview.com/x/K38X2KtV/
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.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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Please, check my new video analysis for Gold:
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The market violated a support of the range and reached the target!
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