Gold price again is a SIDEWAYS consolidation

2024年8月16日

XAUUSD remains volatile, with a doji candle forming in the previous daily session. Since today is Friday and no major high-impact news is expected, the market may continue to consolidate sideways. The price is currently hovering around the key 2450 level, building liquidity on both sides, and seems to be forming a triangle pattern, indicating a potential breakout. If the price closes above last week's high and stays above it, this could signal a bullish move in the coming week, especially as it has re-entered the range zone. The target is the resistance zone around 2477

2024年8月16日

交易結束：目標達成

Straight to point