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Moipone_Phakisi

GOLD IN A CONSOLIDATION PENDING A BREAKOUT!

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Moipone_Phakisi  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Supply and Demand
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supportandresistance supplyanddemand
Gold is currently bound by a range. This is a clear consolidation which is pending a breakout.

This range will likely continue until a high impact news event (insert here NFP) brings enough volatility to break it.

For now we all know what we do in a consolidating market - we sell in resistance and buy in support.

Good luck :)
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