FX:XAUUSD   Gold Spot / U.S. Dollar
156 6 9
As we head closer to March's Non Farm Payroll data. Gold             continues to consolidate ahead of the data prints.We're likely going to see a breakout on Friday when the data is released but ahead of that.We could see the consolidation continue
I'm looking at something similar but with an Elliott Wave triangle. We may be in wave e of the triangle so it could be over soon.
+1 Reply
Trader_97 chartquant
perhaps... I am not an Elliotician though .... so I am not going to be able to explain consolidation based on Elliot wave.Sorry.I am more of a price action kinda guy :D
maybe 1180
+1 Reply
Trader_97 PooyaSalehipour
For now it should consolidate further .... but as the structure concludes.I think there's a good chance we will see a bearish breakout which eventually could lead to 1180 in the coming days
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after 1220 support. will be. nice chart. very professional.
+1 Reply
Trader_97 PooyaSalehipour
Thanks :)
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