Gold price again is a SIDEWAYS consolidation
Updated
XAUUSD remains volatile, with a doji candle forming in the previous daily session. Since today is Friday and no major high-impact news is expected, the market may continue to consolidate sideways. The price is currently hovering around the key 2450 level, building liquidity on both sides, and seems to be forming a triangle pattern, indicating a potential breakout. If the price closes above last week's high and stays above it, this could signal a bullish move in the coming week, especially as it has re-entered the range zone. The target is the resistance zone around 2477
Trade closed: target reached
Straight to point
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.