FX.co ★ king.zelda | XAU/USD, GOLD

GOLD / Золото / XAUUSD Hello colleagues. I see that there were buyings on gold on Friday. On the daily chart, I observe a sideways movement for several days now, with boundaries from the support level at 2291.00 to the resistance level at 2351.00. Let's try to determine the further price movement on Monday, whether the sideways movement will continue or we should expect a breakout. Let's see what the technical analysis recommends for the day. Moving averages - buy, technical indicators - sell, conclusion - neutral. It seems we should expect a sideways movement. Let's summarize. A sideways movement is possible, we just need to determine the levels it can reach. I also do not exclude the possibility of further buying on gold. Buyings may reach the resistance level at 2351.00 or slightly higher to the level at 2360.00. Sales may reach the support level at 2324.00. So, I expect the continuation of the sideways movement, but I do not rule out a bullish scenario. This is roughly the trading plan for Monday. Good luck to everyone.