Gold(XAUUSD) Outlook for the upcoming weekGoldOANDA:XAUUSDCrazyTrades247In current week Gold went through a roller coaster ride where after the breakout form a major bearish trendline at 4030, it retested the level 4166 and again returned back the 4022, structurally gold seems to be moving within a ascending channel, currently taking support of lower boundary, bounce is expected following to which price might retest the significant resistance zone. However breaking of the channel below the level of 4022 can lead for deeper corrections as trend on the higher timeframe remain bearish. If you look at the overall structure it might seem like gold forming a double bottom (a bullish reversal pattern), whose neckline is at 4200 on higher timeframes. support & resistance levels are: S1: 4022 S2: 3960 S3: 3900 R1: 4082 R2: 4166 R3: 4200 For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures. Regards CrazyTrades247.