Gold is about to approach a major daily consolidation area, where it ranges between 1320 and 1360. It managed to spike in there and return back out in Sept 2017, but returned again 4 months later.
The first (left most) zone lasted 3 whole months and the second lasting 4 whole months.
If gold manages to close inside this area, we can see a ranging pattern from 1320 and 1360.
The first (left most) zone lasted 3 whole months and the second lasting 4 whole months.
If gold manages to close inside this area, we can see a ranging pattern from 1320 and 1360.