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GOLD: WHAT'S NEXT? 🧙‍♂️

OANDA:XAUUSD   Ouro/Dólar Americano
Hey, lovely TradingView audience. What a week so far! Bagged 440 pips on the previous gold analysis and it's time to move on. As we can see, gold "broke" the downside trendline we have been harvesting for a while. But did it really though? In my opinion, that's a little bold statement. Here the possible outcomes, if the next couple of candles nicely form bullish continuations, then we can certainly claim that Gold is BACK for now. On the other hand, I feel like we're touching that trendline once again soon. So let's wait for some confirmation before the next big move.

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