Gold still in consolidation
Updated
Multi-month agonizing sideways consolidation in 
XAUUSD continues.
Main scenario: Gold can hold above $1,300 and will soon start the next leg up towards $1,415 - $1,430.
Worst case scenario: Gold is breaking the trend-line and corrects towards $1,262 - $1,295. That would be a great buying opportunity.
Only below $1,255 new bull market gets into serious trouble.
XAUUSD continues.Main scenario: Gold can hold above $1,300 and will soon start the next leg up towards $1,415 - $1,430.
Worst case scenario: Gold is breaking the trend-line and corrects towards $1,262 - $1,295. That would be a great buying opportunity.
Only below $1,255 new bull market gets into serious trouble.
Trade active
Worst case scenario active! Finally gold is presenting us a wonderful opportunity to buy. Yesterday´s crash certainly killed all the weak hands in the market.. we´re close to the 200MA. 1255-1262 should hold.. expect 2-4 days bottom building before gold is moving up again
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