FX.co ★ The alignment of gold

Good day, dear traders! I present to your attention, the analysis of gold.

After a frantic rally, gold consolidated at a clear range. There, it is possible to determine the stop zones of players, as well as their levels.

Let's start with the daily TF and its levels. The first thing to note is yesterday's "double bottom" at the level of 1624 and the mirror level of 1610:

The risk control zone of both the sellers and the buyers is clearly visible on the hourly timeframe:

I suggest working from the false breakouts of the players' zones, to the stops of their counterparties.

Focus on the American session.

Good luck in trading and control your risks!