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Thoughts on Gold's recent consolidation above $CAD 95.879
I've been watching $XAUUSD closely, and the way it's consolidating above the $CAD 95.879 level is interesting. It feels like a potential base forming, but the volume on this push has been a bit light for my comfort. A sustained break below that CAD 95.879 mark would definitely invalidate this short-term bullish outlook for me, suggesting we might retest lower supports. Curious to hear if anyone else is seeing similar patterns or has a different read.
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I'm with you on the volume, it's definitely something to keep an eye on. I'm wondering if the broader market uncertainty is also playing a role in keeping some of the bigger players on the sidelines for now, leading to that lighter volume even with the consolidation.