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Gold is close to its highest price. Before this strong and bullish move, we could say that the 1-hour and 4-hour charts are bearish, but with this strong and bullish move, even the 1-hour and 4-hour charts are bullish. Now the best scenarios are as follows:
1: The price returns and hits the support area and we enter a buy trade with confirmation
2: The price returns to the support area and hits the support area with a shadow below and returns up again with confirmation
3: After the formation of BOS in the 15-minute time frame, we enter a buy trade with confirmation
Gold is close to its highest price. Before this strong and bullish move, we could say that the 1-hour and 4-hour charts are bearish, but with this strong and bullish move, even the 1-hour and 4-hour charts are bullish. Now the best scenarios are as follows:
1: The price returns and hits the support area and we enter a buy trade with confirmation
2: The price returns to the support area and hits the support area with a shadow below and returns up again with confirmation
3: After the formation of BOS in the 15-minute time frame, we enter a buy trade with confirmation
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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.
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.