Markt makers Potential Gold fakeout above a consolidation range

6 Kas 2023

XAUUSD Gold benefited from the FED standby and we're seeing a potential fakeout above a consolidation range here in green for now as it's acting as a Demand zone.
If price action can manage to get above this range we could see a new up leg towards the previous Higher High Pivot at 2009.
In the contrary a dip under that range will trigger a resume of the downward trend toward the 1962 level.

7 Kas 2023

İşlem kapandı: hedefe ulaştı

1958 Short closed