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Gold is currently retesting a recently broken trend line on a daily.
On a 4h time frame, we can see that the market is consolidating
and trading within a horizontal range.
I will wait for a bearish breakout of a support of the range
as a strong bearish confirmation.
A 4h candle close below 2318 will confirm the violation.
A bearish continuation will be expected at least to 2300 then.
Alternatively, a bullish breakout of the resistance of the range
may push the prices higher.
❤️Please, support my work with like, thank you!❤️
Gold is currently retesting a recently broken trend line on a daily.
On a 4h time frame, we can see that the market is consolidating
and trading within a horizontal range.
I will wait for a bearish breakout of a support of the range
as a strong bearish confirmation.
A 4h candle close below 2318 will confirm the violation.
A bearish continuation will be expected at least to 2300 then.
Alternatively, a bullish breakout of the resistance of the range
may push the prices higher.
❤️Please, support my work with like, thank you!❤️
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Related publications
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.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.