The price of gold is currently hovering around the rising trend line and around the support level on the H1 and H4 charts. We expect a rebound from the trend line and support upwards at least to the levels of the previous swing, where our take profit is also located. We expect that thanks to the reduced volatility in the markets so far, gold should continue to move in the previous price range, which we want to take advantage of with this particular trade.
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