DeGRAM | GOLD consolidation

OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is trading in a consolidation zone.

Price is testing the 1920 support level and trendline creates a trading opportunity.

Price made a deeper retracement than the previous one, and that means bulls are running out of steam.

We expect more market consolidation until the market breaks the level to the upside or downside, signaling the start of a new trend.


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