fxtrader66

Is gold consolidating for a big move?

FX:XAUUSD   Gold Spot / U.S. Dollar
To be very honest, with the US debt ceiling I am sitting on the sidelines with gold because if can go either way and fast. I do not want to be caught on the wrong side of a trade over the US debt ceiling with political statements coming out of Washington.

Price seems to be in a triangle and I prefer to trade the breakout in either direction it goes.
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