DeGRAM

DeGRAM | GOLD in consolidation

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD could not go higher and failed to break through the resistance level. It broke and closed below the support level; breaking the channel, and it will most likely go down further.

Price action is trading in the consolidation zone. It retested the resistance following a channel breakout. 

We expect the support zone to be tested.


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