After the bad news on XAU, the expected path was achieved and we hit the 1935 – 1940 zones.
In the next daily closing we can see two potential movements
The first movement: If the daily closing if above 1965 we will see a pump on the market to the zones of 1975$, a small retest to the 1959 zones and a big pump above the zones of 2050$ and the weekly downtrend will be broken.
The second movement: If the daily closing is bellow 1930 we will see a dump in the market and a breakout through the zones of 1873 – 1868, a small retest to the 1900 zones and a big dump bellow the 1850$ “unless we see a rejection after filling the gap” and the weekly downtrend will continue to fill the gap.
Disclaimer: These are expectations for the upcoming week, don’t take it as a financial advice.
