Gold Price Analysis Breakdown : Potential Breakout on the next weeks

Welcome to our professional analysis of the movement in Gold prices. This week, we observed a range-bound movement in the price of Gold, with the opening price at 1920 and the weekly low reaching 1902. While the high of the week touched 1936, we did not witness a significant breakthrough of major structural levels.

To confirm a bullish shift to the upside, it is crucial to have a candle close above the 1936 level. Currently, the price remains firmly held within the lower area, suggesting a potential pullback towards 1902 before another push towards 1936. This sideways price movement indicates a period of consolidation before a decisive break through key levels.

Join us as we closely monitor and analyze the price action in Gold, assessing the potential for a significant breakout. Stay informed about the market dynamics and be prepared for potential trading opportunities. Thank you for joining us, and happy trading!
#forex #trading #xauusd
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▶Disclaimer
Everything mentioned in the video is just my personal opinion. This content is for educational and entertainment purposes only and not financial or professional advice.