✴️ GOLD Daily timeframe. 16 December
Gold. Daily timeframe
The price is in a consolidation state.
1) The price is in a range between 1804-1765. I think that after the strong rally, gold will stay in these ranges for some time yet
2) Increased volatility because of the news, but gold is still in consolidation. The market maker is speculating on the crowd and gaining energy
3) Global trend is bullish.
4) The price is now in the middle of the range near the local level of 1786 and it is difficult to say about the further direction of the price, I think that if the gold consolidates above 1786, it will head towards 1804
The price is in a consolidation state.
1) The price is in a range between 1804-1765. I think that after the strong rally, gold will stay in these ranges for some time yet
2) Increased volatility because of the news, but gold is still in consolidation. The market maker is speculating on the crowd and gaining energy
3) Global trend is bullish.
4) The price is now in the middle of the range near the local level of 1786 and it is difficult to say about the further direction of the price, I think that if the gold consolidates above 1786, it will head towards 1804
❤️ Telegram channel: t.me/AndeWave
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.