Gold scenario for the next week
Gold is bullish but it is actually at its near term high price. so, we will either get a confirmation of Swing sell trade in the upcoming or if we see a rejection and bounce it will be better to grab a short-term, strong buy trade.
We should be getting a confirmation soon on this pair, I do prefer the sell side upon confirmation around the price of 1303-1300 level. This should get more clear by monday or tuesday
There is formation of Cup and handle pattern in a daily time frame. One can place trade with a stop loss of 1298.18 and 1st Take Profit at 1327.77 and 2nd take profit at 1346.57. Investors should be cautious regarding the closing of candle above level of 1310.48