parisseine

Markt makers Potential Gold fakeout above a consolidation range

parisseine Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold benefited from the FED standby and we're seeing a potential fakeout above a consolidation range here in green for now as it's acting as a Demand zone.
If price action can manage to get above this range we could see a new up leg towards the previous Higher High Pivot at 2009.
In the contrary a dip under that range will trigger a resume of the downward trend toward the 1962 level.
Trade closed: target reached:
1958 Short closed
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