Monday Outlook on Gold (XAU/USD)

74
In my opinion, we can expect a drop at the beginning of the week, with price potentially falling to the 3310–3300 zone. This area may act as a demand zone or liquidity pool, from where I expect a bullish reaction. After reaching that level, I anticipate the price to climb back up toward the trendline.

I’ll be watching for confirmations around 3300 for possible long entries.

Let’s see how the market opens on Monday.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.