[GOLD] CONSOLIDATION?

Short

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Updated

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

Gold XAUUSD

gold xauusd

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Comment:

Comment:

Today's session could be characterized by some swing on smaller time frame, while most of the operators are awaiting tomorrow's event (FED), we only need to manage our short position. On H1 chart, the pattern being worked is still the impulsive structure (12345) with target around 1,180/1,183, instead on H4 chart (not published) we see resistance around 1,204, if the price able to break it (closing H4 bar), GOLD could rebound until second our setup area, around 1,215.
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Comment:

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