Gold is currently bound by a range. This is a clear consolidation which is pending a breakout.
This range will likely continue until a high impact news event (insert here NFP) brings enough volatility to break it.
For now we all know what we do in a consolidating market - we sell in resistance and buy in support.
Good luck :)
This range will likely continue until a high impact news event (insert here NFP) brings enough volatility to break it.
For now we all know what we do in a consolidating market - we sell in resistance and buy in support.
Good luck :)
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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.
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.