Gold (XAUUSD): Your Trading Plan For Today🟡

snapshot

Gold is currently testing a solid horizontal daily key level.
After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame.

To short with a confirmation, I would suggest waiting for a breakout of the support of the range.
An hourly candle close below will confirm the violation.
A bearish continuation will be expected to 1961 level then.

If the price sets a new higher high, the setup will become invalid.

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GoldgoldanalysisgoldideagoldshortgoldtradergoldtradinggoldtradingstrategyMultiple Time Frame AnalysisParallel ChannelRectangleXAUUSD

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