After yesterday's bullish rally in gold prices, the market has entered a consolidation phase, forming a range of approximately 60 pips. I've identified a no-trade zone, indicating consecutive resistances on the chart. It's crucial to exercise patience and wait for the best trading setups, as not every day presents optimal trading opportunities. Avoid forcing trades, as it can lead to unnecessary losses and emotional strain. Consider selling only when the price breaks below the marked zone to ensure a strategic entry point.
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Analysis