✴️ GOLD Daily timeframe. February 17

Gold is testing the upper boundary of a strong consolidation. Perhaps price needs to go deeper to capture liquidity, but by how much?

1) The close of today's candle will determine the potential for Monday. If price closes above the level (not tight) there will be a chance for a pullback to 1840-1850
2) The close of the candlestick is very close to 1824, or the close within the range - we should expect a fall in the medium term.
3) The global trend is bearish, the local trend is also bearish, but at an early stage, in fact it is a technical rollback
4) We expect consolidation either higher than 1824 or higher than 1800 to determine the further potential.