Gold ($XAU) Technical Update: Key Levels for Next Week 🚀
The Situation:
Gold closed the week at approximately $4,753. While we’ve seen growth for three weeks straight, the price is currently hitting a "ceiling" near $4,785. The big question for Monday is: breakout or correction?
My Trading Plan:
The Bull Case: If we get a 4-hour candle close above $4,805, I’m looking at a push toward $4,975.
The Bear Case: If we fail to break the resistance again, I expect a pullback to test the major support at $4,615.
Strategy Tip:
I'm staying patient. I'll be looking for a "Buy on Dip" setup near the $4,670 zone if the support holds strong. Always remember to manage your risk, especially with the high volatility we've seen this month!
What’s your move for Monday? Are you Buying the dip or Selling the top? Let's discuss below! 👇
#Write2Earn! #XAUUSD # #marketanalysis. $XAU
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