VasilyTrader

GOLD (XAUUSD): Main Focus is ...

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

As I predicted yesterday, we got a nice intraday bearish movement on Gold.

Analyzing the price action on a daily time frame today,
I spotted that the market is currently consolidating.

We can see a narrow horizontal trading range.

Those who are looking to buy the market should wait for a breakout
of the resistance of the range.

A daily candle close above 2342 will be our strong bullish confirmation.
A bullish continuation will most likely follow then.

Next resistance will be 2736

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.