Gold to break consolidation

٣١ مايو ٢٠٢٢

After last week's high at 1870, Gold has entered a consolidation period.
The boundaries of this consolidation are very clear, with support in the 1840 zone and resistance slightly above 1860.
I expect a break from this consolidation and considering the bullish trend started in the middle of May, there are high chances of a new leg up.
On the other hand, a daily close under 1840 could lead to a drop and a retest of the 1780 zone