MARKET OUTLOOK ON GOLD (XAUUSD).

Here is the next week projection on GOLD (XAUUSD) from 20th of Feb to 24th of Feb. It is an overall projection of what is mostly likely to happen on GOLD.

Price has been moving with some difficulties to the downside that created a diagonal structure that is clearly seen in H4 and lower timeframes. This diagonal may mark completion of the downward move at the current downward trending move. But price is expected to move beyond the current swing low. VIDEO PRODE DETAILS ON THIS.

Next week price may start by downward movement due to rejection from the current minor resistance level. This downward move will be correction of the recent trend up in H1 and lower timeframes. This downward move is not expected to move beyond the swing low. Then after beautiful buys are expected to happen to the levels indicated by resistance level in the price chart.