Gold Spot / U.S. DollarUpdated Gold in consolidation - watch the breakout!
Looks like we are making a bearish pennant in gold and thats why I expect more sideway move then market decide the way. Important support and resistance are marked in the chart.
Note
If the price close below $1308 resistance and make bearish engulfing candle on daily then it seems that bulls will have a big trouble. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.