GOLD (XAUUSD): Key Levels to Watch Next Week 🥇

٢٨ أغسطس ٢٠٢٢

Hey traders,

Here is my latest structure analysis for Gold:

The price is currently consolidating between 2 structures:
Resistance 1: 1754 - 1766 area
Support 1: 1727 - 1735 area

I guess the market may keep coiling between these areas next week.
The breakout of one of those will trigger a bullish/bearish continuation.

Next support: major falling trend line
Next resistance: 1801 - 1808 area

Good luck next week!

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