Gold has spent the past 34 DAYS STUCK within this tight range just consolidating which is boring for us swing traders, as it doesn't offer much trading opportunities. However, on Wednesday we saw a break above the 1833 resistance after an entire month of ranging. We are now approaching the end of the month so not expecting much, but February we should hopefully see some nice moves. I've still got my buy & sell open hedged against each other, let's see if buyers or sellers take control👀
After a liquidity grab around 1824-1816 it is possible we can see Gold move higher to finish Wave 5 around 1862-1880.
After a liquidity grab around 1824-1816 it is possible we can see Gold move higher to finish Wave 5 around 1862-1880.