Hello dear precious metals friends, hope you're doing well guys! ;)
Gold has a perfect Bull Flag EQ range ongoing currently on the 4H chart. For the case we see a short break, we will have the previous highs of $1,450, now potentally turned into an S&R zone, or of course, we could look to build higher Lows even prior to that.
For the case of a bullish breakout, we could go into the 2013 S&R zone of $1525-1550, where we definitely will have to expect a big reaction from the bears, since we're gonna be overbought on the bigger timeframes + at this crucial S&R zone at the same time.
Have fun watching! ;)
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