Technical Analysis of Gold | XAUUSD | August 3, 2023
Utilizing the 4-hour time frame, we observe a pattern in the gold market characterized by a series of lower high points followed by lower low points, indicative of a potential trend reversal. In this context, a strategic approach involves entering the market precisely when a new lower high is formed.
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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.