Markt makers Potential Gold fakeout above a consolidation range
Updated
XAUUSD Gold benefited from the FED standby and we're seeing a potential fakeout above a consolidation range here in green for now as it's acting as a Demand zone. If price action can manage to get above this range we could see a new up leg towards the previous Higher High Pivot at 2009.
In the contrary a dip under that range will trigger a resume of the downward trend toward the 1962 level.
Trade closed: target reached
1958 Short closed
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