Gold distribution
There is a potential gold distribution with a price target of at least the range low. A rejection from this supply zone could confirm a model 2 and another deviation of the highs (if no higher time frame candles close above the deviation limit) could confirm a model 1. The deviation should occur at approximately the same time interval, which would be Thursday of next week.
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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.