XAUUSD: Consolidation phase heading for the end

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XAUUSD has been a recent rollercoaster of indications, and while this is nothing new, we can see this being the result of a consolidation phase thats identifiable across multiple timeframes. Price is relatively neutral and balanced, however stochastics favour a bearish setup suggesting a breakout of the flag from below.

The daily and 4h trend based fib extension have one price range in common. 1896 - 1898.

1916.974 being a first target with 1897 an overall target.