GOLD on 4 Hour
Updated
Price has made a fresh higher low of the uptrend, retesting the previous key area of resistance on the higher timeframe as new support, rejecting with an indecision candle at the key zone showing an indication that buyers have stepped back into the market after pushing off the key zone.
On the lower timeframe for entry, I am looking for a breakout of the lower timeframe structure resistance to the upside for a continuation of the overall uptrend into the key regions above.
Higher quality setup here providing a good plan & Risk/Reward ratio, now waiting on the correct confirmation & timing for entry.
Have a great week to all you passionate traders out there!
On the lower timeframe for entry, I am looking for a breakout of the lower timeframe structure resistance to the upside for a continuation of the overall uptrend into the key regions above.
Higher quality setup here providing a good plan & Risk/Reward ratio, now waiting on the correct confirmation & timing for entry.
Have a great week to all you passionate traders out there!
Note
Note
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