Hello Price Action Traders.
Gold – Xau/Usd
The spot gold market is in a price box. The “box” means the consolidation of the price in confined areas. In fact, the gold is between $ 1,350 and $ 1,310 since a week. In the last period there are higher highs and higher lows and the price remains above the static support and above the short-term moving average. We could see some up moves into around $ 1,400 if price will break the 1,350 $. From here it’s better to see what will happen because we could see some short price action signals.
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