Gold collecting in the zone


XAUUSD

Today is Friday, and there are no important data on the horizon that would have a big impact on the market. You can see a significant stop, so the most sensible solution is to catch smaller movements. On the gold chart, we have a zone in which the price is consolidating, after breaking one of the levels, we will be able to expect more movement, until then I recommend caution. Personally, I am convinced that gold will continue to strengthen, but without a clear signal, it will not risk money. Additionally, consolidation can mean collecting orders at this level. What after the breakout will be an additional advantage for us because the movement may be longer.

XAUUSD H4

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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