Hello traders, welcome back for another market breakodown.
Gold has been trading inside a channel on the 15 min time frame. A high probabilistic setup is to wait for the price to test the breakout point where traders who went long with limit orders get out at breakeven and cover their longs.
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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.