NEXT WEEK FOR XAUUSD!

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NEXT WEEK FOR XAUUSD!GoldOANDA:XAUUSDpedramavdSo, last week we saw a completely bearish trend. The lower highs and lower daily lows are clearly visible on the chart. Looking ahead to next week, we can use the same perspective. We can see the lows of the previous trading week, as well as the week before that, around the 4282 level. Therefore, our bias for this week should remain bearish. In my opinion, however, we should wait for the liquidity above this Friday’s high to be taken. Once that liquidity has been swept, we can look for a short entry as price retraces into the Order Block that was formed on Thursday. This scenario also aligns well with the increasing tensions from the war in the Middle East and the rise in oil prices. In other words, our technical analysis can be well aligned with the fundamental market narrative, giving us stronger confluence for the trade setup.