It turned out that 🔻gold is now trading in a consolidation. The test of 1834 local structure high and a consequent bearish reaction make the market stuck in a horizontal trading range.
1790.0 - 1794.0 is its support. 1830.0 - 1834.0 is its resistance.
It looks like bears will push to the lower boundary of the range now. I managed to catch a very nice short trade from the resistance with a nice double top as a confirmation on 1H. I will hold my short trade during the weekend.
1️⃣ If you missed shorting, wait for a test of support for buying. 2️⃣ Alternatively, the retest of the range's resistance may give a nice spot to short. Don't forget about an intraday confirmation as your entry reason.
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