GOLD (XAUUSD): And Now We Are in Consolidation! What is NEXT? 🥇
Hey traders,
It turned out that 🔻gold is now trading in a consolidation.
The test of 1834 local structure high and a consequent bearish reaction
make the market stuck in a horizontal trading range.
1790.0 - 1794.0 is its support.
1830.0 - 1834.0 is its resistance.
It looks like bears will push to the lower boundary of the range now.
I managed to catch a very nice short trade from the resistance with a nice double top as a confirmation on 1H.
I will hold my short trade during the weekend.
1️⃣ If you missed shorting, wait for a test of support for buying.
2️⃣ Alternatively, the retest of the range's resistance may give a nice spot to short.
Don't forget about an intraday confirmation as your entry reason.
❤️Please, support this idea with a like and comment!❤️
Note
Check my new idea on EURGBP: 
✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.