GOLD - CHOPPY MESS - MAJOR LEVELS OUTLINED FOR NEXT TRADE

Name: GOLD - CHOPPY MESS - MAJOR LEVELS OUTLINED FOR NEXT TRADE
Uploaded: 2021-12-09T07:18:31.234745
Channel: ApexBull
Description: GOLD produced a small bounce from a local support within a giant daily triangle consolidation - if local support holds we can expect more upside, but if we take out 1760 level it opens up for 1720 and then 1700 major daily support level. For now it is a chopfest so no clear side is winning just yet, wait for a decisive move off of support or a break thereof to hop on that momentum. #apexbull

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

FX:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis

trendanalysis

GOLD produced a small bounce from a local support within a giant daily triangle consolidation - if local support holds we can expect more upside, but if we take out 1760 level it opens up for 1720 and then 1700 major daily support level. For now it is a chopfest so no clear side is winning just yet, wait for a decisive move off of support or a break thereof to hop on that momentum. #apexbull

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