Update on gold.
Camarilla monthly levels on the 12 hour chart. As you can see 1748 crucial resistance. Breaking that could lead to the upper 1700s quite easily. As you can also see we have some large bearish divergence. Wave trend is minor up. macd is crossed up. OBV is high. PP is getting higher. Oscillator has not much to say here. This area could be redistribution because of where we are. At the same time it could be reaccumulation because of how long we have been here. 2 months in this range. and consolidating in the upper bounds. either way will move hard one way or another
Level H4 to break out and then to target H5 and H5. OR if we lose H3 will high probability travel to Pivot and then potential L3 or beyond
Level H4 to break out and then to target H5 and H5. OR if we lose H3 will high probability travel to Pivot and then potential L3 or beyond
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