What a bullish week for Gold. The market closed approaching the ALL TIME HIGH! Here is your plan for next week.
Bullish scenario: if the price breaks and closes above 2074 on a weekly, it will confirm the strength of the bulls one more time. A bullish rally will push the prices to 2200 then.
Bearish scenario: The market may drop from ATH as it happened 2 times in the past already. Your bearish confirmation will be a bearish breakout of a support of a rising channel on a daily. It will drop the prices at least to 2010.
Current geopolitical and macroeconomic situation strongly support a bullish scenario. BUT I always say that it is safer to wait for a confirmation.
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