What's XAUUSD Price Consolidation in XAUUSD?

XAUUSD Price consolidation in xauusd is when prices stop moving upwards or downwards in a xauusd trend & start to move sideways in what is known as a consolidation.

XAUUSD Price will continue to consolidation and move sideways for a period of time until such a time that one side of the xauusd market - either the buyers or the sellers gain control of the xauusd market and either push gold prices upward in an upward xauusd trend or push gold prices downward in a downward trend.

Consolidation Trading Patterns

Symmetrical triangles are xauusd chart patterns with converging xauusd trend lines that form a consolidation period and are used to trade the gold price consolidation.

Technical buy point from symmetrical triangle is the up-side break of gold price consolidation, while a downside break of the gold price consolidation is a technical sell signal. Ideally, a market breaks out from a symmetrical triangle prior to reaching apex of the triangle.

When these gold price consolidation patterns form we say that the XAUUSD market is taking a pause before deciding next direction to take.

What's Consolidation in XAUUSD? - What is XAUUSD Price Consolidation in XAUUSD?

However, this gold price consolidation pattern cannot go on forever and just like in a tug of war one side eventually wins, below are 2 example of how gold price consolidation eventually had a breakout pattern and moved in one direction.

XAUUSD Price Break out Downward Sell XAUUSD Signal after a Consolidation - What is Consolidation in XAUUSD?

XAUUSD Price Breakout Upwards Buy XAUUSD Signal after a Consolidation - What is Consolidation in XAUUSD?