Gold goes into consolidation. Forms a 1940 resistance range (1935) - 1918 - support. The strong growth since the end of November is exhausting and the price needs to gather energy for further moves
1) A global H&S pattern is forming. 2) 1935, a strong resistance zone, is keeping the price down 3) Strong support area keeps the price down 4) Volume profile - price forms a strong consolidation. The area 1930-1925 is a heavy zone and it is not worth trading in this area 5) It is acceptable to sell from resistance 6) It is acceptable to sell from support
This price halt and global reversal patterns may form the first signals for a possible correction. Trade carefully!