Expected movement for Gold next week
For me, Blue zone is crucial before making any decision.
Assuming the price break weekly R1, I see that the price will move forward to test R2 weekly & R1 monthly zone ( around 1900) which also psychology level.
From 1900, price might continue to drop until S2 weekly & S1 monthly zone which around 1800 ( also psychology level) which in between will retest weekly and monthly pivot.
For me, Blue zone is crucial before making any decision.
Assuming the price break weekly R1, I see that the price will move forward to test R2 weekly & R1 monthly zone ( around 1900) which also psychology level.
From 1900, price might continue to drop until S2 weekly & S1 monthly zone which around 1800 ( also psychology level) which in between will retest weekly and monthly pivot.