GOLD (XAUUSD): Important Zone to Watch Next Week 🥇
Hey traders,
This week was very bearish for Gold.
We saw 5 consequent bearish days.
The price is trading within a peculiar confluence zone at the moment.
It is based on fib.retracement levels and a wide horizontal demand area.
I believe that the market is quite oversold now and we may see a pullback.
As a confirmation, you can consider buying a bullish breakout of a falling wedge pattern on 4H time frame.
I will watch gold carefully next week and will post an update once I spot a confirmation.
Good luck next week!
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