๐ Gold (XAUUSD) Outlook โ Next Week
Gold showed strong bullish momentum at the end of the week, breaking out aggressively from the consolidation zone around 4780โ4800 and pushing toward 4870 before a slight pullback.
๐ Market Insight: The current structure is bullish, but price is now reacting from a resistance zone. This pullback could be a setup for the next move.
๐ Monday Strategy:
๐ Scenario 1 (Buy Setup):
Wait for price to retrace to 4835 โ 4845 zone
Look for bullish confirmation (engulfing / rejection)
๐ฏ Targets: 4870 โ 4900
๐ Stop Loss: below 4820
๐ Scenario 2 (Sell Setup):
If price breaks and closes below 4820
Enter sell on retest
๐ฏ Targets: 4790 โ 4760
๐ Stop Loss: above 4845
โ ๏ธ Avoid entering in the middle โ wait for confirmation and clean levels.
๐ก Tip: Monday volatility can be tricky, trade light and manage risk.
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Fram 1H