Gold bullish setup updateXAU/USD SpotFX:XAUUSDLawrikrGold is currently consolidating in a descending chanel. The level to watch is 4777. I Really thought it will take off yesterday but that didn't happen. After careful analysis it became clear that we are in. Downside consolidation. I now clearly marked the possible buying levels. After everything that transpired we are still aiming for 5050 target.