Expecting a few weeks of consolidation before going up

Continue our discussion on Gold/GC/GD since Sept.

We just had this significant testing happened. I take it very significant.

WHY

• Vol dropping on a common concurrence of market plunge
  
• It bounced at the strongest volume profile peak, and broke through the 2nd strongest peak
  

Expecting to see
1/ a few weeks of consolidation, likely to a daily convergence, then trend continues (70%)
2/ devolve into a longer flat-top squeezing (30%)

Action to take

• Holding current position
  
• Short-term trading on the first two waves
  

Trade attivo:

No action taken for holdings.

The incoming week is likely to consolidate in a 3% range, GL