GOLD: price consolidating along 'Window'

GOLD: price consolidating along 'Window'

Information is not investment advice

The market is still consolidating along the 'Window'. There's a bearish 'Tower' pattern, which hasn't been confirmed yet. Thus, we should watch the nearest support at 1263.60 as a potential target. The subsequent pullback from this level could lead to a local upward correction towards the 'Window" (1241.73).

2905xauusdD.png

Similar

Popular

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Choose your payment system