Thursday, October 15, 2026

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FxWirePro: Gold consolidates in narrow range, good to sell on rallies

Gold is consolidating in narrow range around $1148 -$1165 in the past two trading session. Overall trend is still weak as long as resistance $1165 holds. On the downside minor support is around $1150 and break below $114…

By Lis Howell
1 min read
FxWirePro: Gold consolidates in narrow range, good to sell on rallies
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Gold is consolidating in narrow range around $1148 -$1165 in the past two trading session. Overall trend is still weak as long as resistance $1165 holds.

  • On the downside minor support is around $1150 and break below $1142/$1131.
  • Overall trend reversal can happen only below $1128 level.
  • The pair's minor resistance is around $1158 and break above targets $1165/$1168.

It is good to sell on rallies around $1156-58 with SL around $1168 for the TP of $1142/$1138

 

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