Gold Spot / U.S. DollarUpdated 1h got 2335 as support but bear need to break 2327 support
same concept with bullish break out 4h (I will post later)
right now 1H bearish trend need to break 2327 support 1st to validate the bearish indicator
it's not enough to make bottomed indicator while leaving a chance to reversal as bullish divergence later
so hit under 2327 first before retrace up (or no retrace up due powerful 4h and 12h bearish spike and momentum)
add 2355 as bull retrace up target
right now 1H bearish trend need to break 2327 support 1st to validate the bearish indicator
it's not enough to make bottomed indicator while leaving a chance to reversal as bullish divergence later
so hit under 2327 first before retrace up (or no retrace up due powerful 4h and 12h bearish spike and momentum)
add 2355 as bull retrace up target
Note
previous 4h bullish break outNote
No retrace up above 2327Official bearish trend not only on 4h and 12h its bearish trend on daily and soon weekly
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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.