Gold reaches one of the key resistances. BUT, after false resistance, a strong consolidation forms near the upper boundary of the range
TA on the high timeframe: 1) A high potential for further downside is forming as there was no momentum on the resistance breakout 2) After a false breakthrough a consolidation below the line is formed - signal
TA on low timeframe: 1) Price inside the range after the false breakout 2) Buying interest on H4 indicator may be a buyer trap 3) Waiting for a small correction after the false breakout before further upside.
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