GOLD (XAUUSD): Technical Outlook Ahead of the News

https://www.tradingview.com/x/uSMbR8I2/

Gold is currently retesting a recently broken trend line on a daily.

On a 4h time frame, we can see that the market is consolidating
and trading within a horizontal range.

I will wait for a bearish breakout of a support of the range
as a strong bearish confirmation.

A 4h candle close below 2318 will confirm the violation.

A bearish continuation will be expected at least to 2300 then.

Alternatively, a bullish breakout of the resistance of the range
may push the prices higher.

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