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wookyu2001

XAU/USD Ranging

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
wookyu2001  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Gold XAUUSD rangingmarket xauusdanalysis goldtrading
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trendanalysis chartpattern gold xauusd rangingmarket xauusdanalysis goldtrading
The XAU/USD has been ranging since 8th of Jan, shown by the rectangle drawn.
I would be waiting for the price to either break above or to break below the rectangle then wait for the retest confirming the possible down / uptrend.
I wouldn't recommend trading this until a breakout of the ranging confirmation.
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