GOLD (XAUUSD): And Now We Are in Consolidation! What is NEXT? 🥇
Hey traders,
It turned out that 🔻gold is now trading in a consolidation.
The test of 1834 local structure high and a consequent bearish reaction
make the market stuck in a horizontal trading range.
1790.0 - 1794.0 is its support.
1830.0 - 1834.0 is its resistance.
It looks like bears will push to the lower boundary of the range now.
I managed to catch a very nice short trade from the resistance with a nice double top as a confirmation on 1H.
I will hold my short trade during the weekend.
1️⃣ If you missed shorting, wait for a test of support for buying.
2️⃣ Alternatively, the retest of the range's resistance may give a nice spot to short.
Don't forget about an intraday confirmation as your entry reason.
❤️Please, support this idea with a like and comment!❤️
Nota
Check my new idea on EURGBP: 
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✅Join My Telegram Channel: t.me/VasilyTrading
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💰Instagram: instagram.com/VasilyTrader/ 💰
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❗️YouTube Channel youtube.com/c/VasilyTrader
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✅Facebook: facebook.com/VasilyTrading/ ✅
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.