krakken

Gold consolidation range

TVC:GOLD   CFDs on Gold (US$ / OZ)
After all the volatile news end of last week & Sunday night when Sydney & Tokyo session opened carrying on the momentum (session was already closed Friday so Sydney & Tokyo session missed it)

Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone.
Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases.

The consolidation range is roughly between 1725-1750


Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!