MoveFX

XAUUSD consolidation

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I am looking at the XAUUSD DAILY chart; we could see the price in a consolidating rising wedge channel. Such market structure leads to a breakout. What will the New Year and Next week be like for the price of XAUUSD? We could see a flight to the upside(buyers) or downside(sellers). Also, note that the price is above 200EMA.

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