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Oro / Dollaro
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GOLD (XAUUSD): Potential Scenarios Explained

487
istantanea

Here is my updated technical outlook for Gold with potential scenarios.

Bullish Scenario

The price is currently testing a significant daily resistance cluster.
Its bullish breakout and a daily candle close above 3368 will
provide a strong confirmation.

More growth will be expected then.

Bearish Scenario

For now, the market is consolidating on the underlined resistance.
The price is stuck within a horizontal range on a 4H time frame now.
Your bearish signal will be a breakout of its support and a 4H candle
close below 3310.
It will provide a strong bearish confirmation.

The market might be weak and remain within a 4H range today.
But, everything can happen, so watch carefully.

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