GOLD (XAUUSD): Technical Outlook Ahead of the News
https://www.tradingview.com/x/uSMbR8I2/
Gold is currently retesting a recently broken trend line on a daily.
On a 4h time frame, we can see that the market is consolidating
and trading within a horizontal range.
I will wait for a bearish breakout of a support of the range
as a strong bearish confirmation.
A 4h candle close below 2318 will confirm the violation.
A bearish continuation will be expected at least to 2300 then.
Alternatively, a bullish breakout of the resistance of the range
may push the prices higher.
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Gold is currently retesting a recently broken trend line on a daily.
On a 4h time frame, we can see that the market is consolidating
and trading within a horizontal range.
I will wait for a bearish breakout of a support of the range
as a strong bearish confirmation.
A 4h candle close below 2318 will confirm the violation.
A bearish continuation will be expected at least to 2300 then.
Alternatively, a bullish breakout of the resistance of the range
may push the prices higher.
❤️Please, support my work with like, thank you!❤️
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