VasilyTrader

GOLD (XAUUSD) Consolidation Continues! How to Benefit?

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OANDA:XAUUSD   Ouro/Dólar Americano

Gold in currently trading in a sideways.

The market is consolidating within a wide horizontal trading range for quite a while.

Yesterday its support was reached.
A strong bullish engulfing candle confirms the strength of the underlined structure.

At the beginning of the next week I expect an intraday bullish leg to the upside.

Please, support my analysis with like and comment!

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