GOLD - consolidation and then move upwards
Looks to me like price action is going to consolidate at this support in a narrow range and then move to the upside.
Reminds me of previous price action (see the box I've marked on the chart) - also look at the intersection of the 30 and 200 MA moving averages, we're seeing a very similar pattern.
Reminds me of previous price action (see the box I've marked on the chart) - also look at the intersection of the 30 and 200 MA moving averages, we're seeing a very similar pattern.
Note
One attempt at a breakout. Still trading in an extremely tight range within the pattern.Note
It made a decision and the decision was down. A good setup as I would only have bought a confirmed breakout... this is why you buy confirmation and not promise.
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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.