Trader_97

XAU/USD FAILS TO BREAKOUT , PRICES MAY CONTINUE CONSOLIDATION

FX:XAUUSD   Gold Spot / U.S. Dollar
52 0 1
Gold             maybe forming another top inside the structure and this may result in continuation of consolidation.Keep in mind a clear breakout above the T.L resistance from November 16th is required for continuation towards the upside also a close above the 0.236% level retracement would unlock the doors for an extension of retracement till 0.382% level and a close below 1046 is required for the resumption of the major bearish trend and a move down to 1034-1016
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