Gold (XAUUSD)Long
Gold Consolidation on 30m charts for next setup
If you zoom out to the weekly chart you will see a long solid green candle stick prior to this weeks. And is a solid bullish candle stick above the 10 EMA signaling a bullish rally as this weeks candle stick stacks nicely above and indicates another push up before a fake out correction.
This is a possible setup after the first 2 consolidation patterns and 2 bottoms rejecting the price at support for each box. Now it appears it will move to a third to price in before a likely fake out price action around 2545.
This is a possible setup after the first 2 consolidation patterns and 2 bottoms rejecting the price at support for each box. Now it appears it will move to a third to price in before a likely fake out price action around 2545.
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