GOLD – price on the H4 chart indicates a bearish trend. Recently, after a major correction the price went down to a new low. The current correction, much smaller, reached the level of the previous low. Here rebound occurred. It is possible that, according to the trend, supply will initiate another downward trend in this region. We can consider shorts.
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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.