Consolidation for XAUUSD
On monthly chart XAUUSD recent price level rose up about 2 of the markup started in 2018.
Volume on Oct 2024 is the highest and similar with Apr 2022.
On weekly chart, the last bar appears to be a bearish since it has a long wick and closed near open.
2790 and 2640 are likely the current resistance and support levels.
From daily chart
The recent bearish engulfing may signify an upthrust formation.
The next possible external liquidity maybe near 2628.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.