Gold is consolidating

Russell Shor, CFTe, MFTA FXCM

The above chart shows daily price action. XAUUSD has charted both a lower peak and a higher trough. This is indicative of a consolidation. A break out from this consolidation may very well lead the direction of the next impulse move.

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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