NikaJourney

In Consolidation Awaiting Breakout

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is just chilling in a consolidating range right now awaiting the next big breakout.

We've been enjoying a nice, but jittery downtrend since September.
But with a wedge showing it's nearly filled on both a smaller and larger scale, we can enjoy a nice move on either end.
Ler's wait and see.

For now, here are the TPs I marked up for this trade:

BULL TPS:
  • 1503.63
  • 1515.56
  • 1527.05
  • 1537.30

BEAR TPS:
  • 1503.63
  • 1489.61
  • 1480.94
  • 1474.91
  • 1460.33
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