GOLD (XAUUSD): Waiting For Important DECISION Next Week

Technically speaking, gold still remains bearish while it is trading within this major falling channel.
Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that.

For shorting wait for a bearish breakout of a small rising wedge pattern.
It will be a perfect confirmation.

For buying wait for a bullish breakout of a major falling channel.

Wait for a decision and only then act accordingly.

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Check my new analysis on SILVER: