Time Frame: 4H
Symbol: XAUUSD
Bias: Long
The price pattern of gold is in a dubious position. The support /resistance and Fibonacci levels actually do not portray the real picture of future price move here. The price is pushed down for US dollar strength ,but there is a strong bias towards regaining its previous position. We expect a long position here.
Symbol: XAUUSD
Bias: Long
The price pattern of gold is in a dubious position. The support /resistance and Fibonacci levels actually do not portray the real picture of future price move here. The price is pushed down for US dollar strength ,but there is a strong bias towards regaining its previous position. We expect a long position here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.