GOLD H4 Chart

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We know by now that GOLD is on a major uptrend on bigger time frames, but that doesn't stop me from taking shorts and longs on smaller time frames. So on the H4 I'm waiting for it to hit the big red spot with the arrow on top for a short term sell then looking to buy at either the 23.6% RL or 38.2% RL. Will be keeping my eye on this... Let's not forget it can just spike UP break the zone and not come down to my levels. Will be waiting for confirmations on smaller time frames :)

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