For the entire week, XAUUSD has been consolidating. The sellers have been showing signs of weakness on the 20th December, on the 23rd December, there is a high chance that XAUUSD might break the tight consolidation (orange triangle). and get rejected at 1482.827 I generally do not trade XAUUSD on a higher timeframe and most analysis is done on a daily basis meant for scalping. I am currently on “BUY” and will watch what happens when it reaches the top of the triangle. If prices break, we will hold the trade right to 1482.827 and wait for a candle confirmation before we sell again.