DeGRAM

DeGRAM | GOLD consolidation under strong resistance

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is trading below a strong resistance level .
Consolidation between the two levels, a difficult enough place when the big player eats up all the small ones.
Market pressure from bears.
I assume a classic situation - a false breakout of resistance and a fall in the price of gold to support 1765

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