For a month now, Gold is trading in an annoying and very frustrating manner and an irregular range.
I'm out for now, but here is what I'm looking for:
As a trend, we are in a bullish one, XauUsd being contained in an ascendent channel. A clear break above 1900 would expose 1950-1960 resistance. (As a clear break I want to see a strong bull candle with high volume)
On the other hand, Gold under 1870 confluence support would confirm a lower high and would be strongly bearish and would expose 1800 support with interim support at 1840.
As I said I'm out till clarification
I'm out for now, but here is what I'm looking for:
As a trend, we are in a bullish one, XauUsd being contained in an ascendent channel. A clear break above 1900 would expose 1950-1960 resistance. (As a clear break I want to see a strong bull candle with high volume)
On the other hand, Gold under 1870 confluence support would confirm a lower high and would be strongly bearish and would expose 1800 support with interim support at 1840.
As I said I'm out till clarification
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