Gold consolidating: momentum and price action favor downside break

Range: Looking at the daily gold chart, we see a range developing roughly between resistance at 1620 and support at 1555. The market has been trading sideways for about a month and a half since finding the 1555 support after a 5-month long decline in a within a falling channel. Price action;…

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Gold consolidating: momentum and price action favor downside break

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