GOLD - Break of consolidation will show us the direction
Updated
XAUUSD ( GOLD ) is currently ranging on the edge.
We can see that trendline is still holding and we are awaiting break or bounce from the trendline for next direction.
Also ranging box as we can see wasn't broken either way.
For active and proper trade, we are waiting for break+retest of box or decent decline from trendline , which we approaching.
I will update this bias as soon as there will be solid entry.
Good luck to everybody. Have a nice day.
We can see that trendline is still holding and we are awaiting break or bounce from the trendline for next direction.
Also ranging box as we can see wasn't broken either way.
For active and proper trade, we are waiting for break+retest of box or decent decline from trendline , which we approaching.
I will update this bias as soon as there will be solid entry.
Good luck to everybody. Have a nice day.
Note
Seems its going down. Trendline was rejected. Lets wait for consolidation breakNote
Plummeted through first target! Next target on the wayNote
Trade closed: target reached
We hit the Target absolutely perfectly and then instantly retraced back.another winner.
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