Vladrobertfx

An other CONSOLIDATION WEEK?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I expect overall consolidation on gold for the next week. We may touch the WEEKLY level at the beginning of the week then go back to 1815 to grab some liquidity then go up to the weekly trendline. It is hard to be accurate in the consolidation phases, that is why we need to use the intraday chart (5m, m15, m30) to get insight on what is going to happen in that particular day.

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