• Vasily Trader

GOLD (XAUUSD) Consolidation Continues! How to Benefit?

Gold in currently trading in a sideways.

The market is consolidating within a wide horizontal trading range for quite a while.

Yesterday its support was reached.

A strong bullish engulfing candle confirms the strength of the underlined structure.

At the beginning of the next week I expect an intraday bullish leg to the upside.

Please, support my analysis with like and comment!