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
Comments
chartquant
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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.
Trader_97
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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
PooyaSalehipour
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maybe 1180
Trader_97
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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
PooyaSalehipour
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after 1220 support. will be. nice chart. very professional.