The asset continues to trade sideways within a range between the 4088 support level and the 4210 resistance level.
The price is currently near the local 4155 support level.
#TradeIdea
🔽 If the price breaks and holds below 4155, a decline toward the lower boundary of the consolidation range at 4088 support could follow.
🔼 A strong upward move in gold is likely only if the price breaks out of the consolidation range to the upside.
If the price breaks and holds above the 4210 resistance level, further growth toward 4260 could follow.
Where do you expect gold to move this week ?
❤️ – Upward, 👍 – Downward
$XAU
The price is currently near the local 4155 support level.
#TradeIdea
🔽 If the price breaks and holds below 4155, a decline toward the lower boundary of the consolidation range at 4088 support could follow.
🔼 A strong upward move in gold is likely only if the price breaks out of the consolidation range to the upside.
If the price breaks and holds above the 4210 resistance level, further growth toward 4260 could follow.
Where do you expect gold to move this week ?
❤️ – Upward, 👍 – Downward
$XAU