Gold (#XAUUSD): Before The Market Closed...
Many of you asked me to share the update for
Gold.
One thing is certain: the market is in a deep
consolidation:
the market is trading in
sideways on a daily,
on a 4H time frame, we can spot a
horizontal trading range,
one more
horizontal range is also spotted on an hourly time frame.
That is what the absence of the news does with the market.
For those looking to
buy, I can only suggest waiting for a
bullish breakout of
1976 -
upper boundary of a 4H range. 4H candle close above will most likely push the market higher.
If you want to
short, watch
1960 support -
lower boundary of hourly range.
If the 1H candle closes below that, a local
bearish movement will be expected.
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