GOLD (XAUUSD): Support and Resistance Analysis For Next Week
Here is my latest structure analysis for Gold for next week.
Resistance 1: 2525 - 2531 area
Support 1: 2471 - 2484 area
Support 2: 2432 - 2447 area
Support 3: 2353 - 2381 area
The price is now stuck within a horizontal range based on Resistance 1 and Support 1.
Consolidation may continue, and we may see one more bullish movement to its upper boundary.
Alternatively, a breakout of one of the boundaries of the range will indicate the future direction of the market.
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