djpsypher

BREAKOUT fails, CONSOLIDATION continues

Largo
FX_IDC:XAUUSD   Oro al contado/Dólar estadounidense
What i see here is a sideways game that GOLD is going through at the moment. Since it's holding above 1790's pretty well, it is just a matter of time of when the real breakout will arrive. So i extended the triangle with multiple possible scenarios. And one of the reasons the breakout failed today was due to many things getting sold for cash driving the DXY back up a little, and gold back down again. Pure waiting game IMO and still think it is bullish.
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