Wave structure of gold in 4h time frame
Price is currently in a strong supply zone in the 4h time frame. If the price falls and surpasses the first CHOCH position, gold will continue to fall again.
If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
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