This commodity is featuring for the first time on our TradingView blogs.
Current setup: Gold is currently held in a long period of consolidation but above both the 50 & 200 simple moving averages.
Conclusion: We need to wait out this consolidation period and take opportunities once we get a breakout. The pending breakout may be large in size due to the length of the consolidation. The bias at the moment is for a breakout to the upside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Current setup: Gold is currently held in a long period of consolidation but above both the 50 & 200 simple moving averages.
Conclusion: We need to wait out this consolidation period and take opportunities once we get a breakout. The pending breakout may be large in size due to the length of the consolidation. The bias at the moment is for a breakout to the upside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading