chrisohsnap

Gold Indecision WAIT

chrisohsnap Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been consolidating for the past few days staying in a ranging market. Weekly perspective shows a bullish trend but the daily has been at a stand still bouncing between the range respecting the resistance. I will wait for a strong move breaking either zones following a pull back to consider where I will be monitoring Gold. Give this a thumbs up if you like this idea.
Comment:
The zone was broken and consolidated for a few hours. Then a full flight to the moon happened. I didn't get to catch the move from the zone but I did jump to a 15 min time frame for 60 pips before I closed out due to the doji formed. I see this continuing to 1890.00
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.