GOLD is consolidating in the ascending channel, making lower lows and higher highs.
The market is consolidating after a retest of the support level and lower channel boundery.
Price is testing the reaction zone where it bounced off a couple of times.
Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the support or resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The market is consolidating after a retest of the support level and lower channel boundery.
Price is testing the reaction zone where it bounced off a couple of times.
Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the support or resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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