End market

15 thg 12, 2023

The gold is ranging after it broke through the downward channel. It might continue ranging because the price reached the area where it stayed in consolidation before. I think the price in the accumulation phase that can lead to a new extension. As you can see, the price formed a range zone, then a breakout followed by an impulse move, and then another range followed by an impulse move. I expect a liquidity grab from the previous daily low and go upwards. Alternatively, we might just have the choppy market. My goal is the resistance zone around 2060