GOLD is consolidating following a bounce off the support. It made a new extension by breaking the resistance.
The market is creating the AB=CD pattern on the hourly chart.
We expect a breakout pullback continuation opportunity at the support level and 38.2% retracement level.
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The market is creating the AB=CD pattern on the hourly chart.
We expect a breakout pullback continuation opportunity at the support level and 38.2% retracement level.
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It broke and closed above the resistance level at 2100, which became the support level and 50% retracement level.
The market is consolidating following the bullish move.
We anticipate a retest of the major resistance and a bullish move.