larshpt

Gold entered ranging markets

FX_IDC:XAUUSD   Guld / USA-dollar
After a recent peak gold seems to have re-entered ranging markets and looks like it will go short. After it will most likely bounce off of the support and go back to resistance, where it will once again bounce off, or will continue through into a trending market. Indicators are not in favor of this movement, yet candles clearly suggest Gold is currently going bullish.
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