DeGRAM

DeGRAM | GOLD in consolidation

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is consolidating in the ascending channel, making lower lows and higher highs.

The market is consolidating after a retest of the support level and lower channel boundery.

Price is testing the reaction zone where it bounced off a couple of times.

Price action is likely to continue consolidating until the new trend is confirmed by a breakout of the support or resistance.

 

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