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.
註釋
One attempt at a breakout. Still trading in an extremely tight range within the pattern.註釋
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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