Gold has reached a strong resistance level on the 1-day time frame with an upward trend on the 4-hour time frame. The base scenario on the 1-hour time frame is bearish. If the support breaks, and if the resistance breaks on the 1-hour time frame, the bullish scenario is activated.
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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.