Looking at the weekly timeframe we can see 4 very key levels.
The ones closest to us - 1966 and 1977
Why is 1966 so important? The simple answer is this is a key level the weekly candle failed to close above last week
and what about 1990? a close above 1990 will almost certainly give us a shot at pushing 2010+ again and possibly looking at the all time highs.
We have 2 more trading days left for the weekly candle to close, this will be the most significant timeframe for next week as we will not only be seeing the monthly candle for July close, but going into August which is typically a trending month for Gold will be a key piece of analysis.
The ones closest to us - 1966 and 1977
Why is 1966 so important? The simple answer is this is a key level the weekly candle failed to close above last week
and what about 1990? a close above 1990 will almost certainly give us a shot at pushing 2010+ again and possibly looking at the all time highs.
We have 2 more trading days left for the weekly candle to close, this will be the most significant timeframe for next week as we will not only be seeing the monthly candle for July close, but going into August which is typically a trending month for Gold will be a key piece of analysis.
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.
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.