Gold (XAUUSD): Your Trading Plan For Next Week 🟡

19 Feb 2023

Hey traders,

Gold reached a solid horizontal key level this week.
The price formed a doji candle on that on Thursday and then a rejection candle was formed.

We see the attempt of buyers to push.
To catch a pullback, watch a falling parallel channel and a minor horizontal supply zone.
I would suggest waiting for a bullish breakout of these 2. It will most likely trigger the initiation of a correctional movement.
Let 4h candle close above the trend line and a yellow area to confirm the breakout.

Goal will be 1866.

I will monitor this trading setup and post an update later on.

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