Gold consolidation range
After all the volatile news end of last week & Sunday night when Sydney & Tokyo session opened carrying on the momentum (session was already closed Friday so Sydney & Tokyo session missed it)
Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone.
Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases.
The consolidation range is roughly between 1725-1750
Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone.
Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases.
The consolidation range is roughly between 1725-1750
Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.