Hey traders,
This week was very bullish for gold and the price managed to return to a key weekly resistance cluster
from where it retraced earlier.
Next week, I will look for a pullback trade.
I spotted a rising parallel channel on 1H time frame and my trigger to short will be its bearish breakout - 1H candle close below its support.
A bearish continuation will be expected to 1790 then.
Alternatively, the next bullish move will initiate ONLY AFTER a breakout of the underlined resistance.
If you want to buy, I would suggest you waiting for its bullish breakout.
â€ïžIf you have any questions, please, ask me in the comment section.
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