GOLD (XAUUSD): Important Resistance Ahead! Your Plan 🥇

GOLD is currently testing an important confluence zone
based on a daily horizontal resistance and a falling trend line.

Depending on the reaction of the price to that, I see 2 potential scenarios.

Bearish
To sell the market with a confirmation, watch a double top pattern on a 4H time frame.
1942 is its neckline. If the price breaks and closes below that, a bearish continuation
will be expected to 1936 / 1931.

Bullish
Alternatively, bullish breakout of the underlined blue are and a daily candle close above that
will be a strong bullish signal and the market will go much higher then.

We are expecting important fundamentals today and tomorrow, the news can be the catalyst for breakout.

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