GOLD DECISION AREA| UP OR DOWN?
GOLD is trading in a small rising channel(6H)
That is located inside a falling channel(1D)
That in turn happens to be a bullish flag(1W)
Locally, the price is below a confluence of resistance lines
Thus, I am bearish biased.
However, a breakout will tell us the direction of our trade
Thus, wait for breakout
Then pullback
And enter the trade in the direction of the breakout
The dotted lines indicate the target levels for each trade
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