DrooelmFX | XAUUSD Update: Price Consolidation Area
XAUUSD has been consolidating since about the second week of April. Price has been ranging between the defined levels of support and resistance (see the White Box). During the consolidation, it has respected a support level of 1765 and resistance levels of 1784, 1790 & 1794.
~BUY when it is trading very close to the support area, or when it breaks out of the consolidation zone to the upside.
#DrooelmFX
~BUY when it is trading very close to the support area, or when it breaks out of the consolidation zone to the upside.
#DrooelmFX
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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.