VasilyTrader

GOLD (XAUUSD): Weekly Update & Consolidation

Short
FX:XAUUSD   Gold Spot / U.S. Dollar

gold is still stuck in a correctional structure.
the price is weakening within a descending triangle formation and expansion is coming.

for now keep following the price within a triangle and consider intraday short and long opportunities within that.

it you want to make an accurate long term prediction, breakout will most likely clarify that.

good luck!

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