Team, please carefully looking at the GOLD pattern,
it was consolidation range between 3620-3650 before breaking the channel. this is 5 minutes channel
but if you carefully look at 4 hour channel - the range created during 10 APRIL to 25 AUG before break out.
Short term GOLD should pull back toward 3667-65 - if you are short, stop loss at 3685-90
target short term zone at 3667-65
Medium term if you could hold longer within a week, we should expect the pull back toward the 3500-3400 zone - please review 4 hours chart.
LETS GO
it was consolidation range between 3620-3650 before breaking the channel. this is 5 minutes channel
but if you carefully look at 4 hour channel - the range created during 10 APRIL to 25 AUG before break out.
Short term GOLD should pull back toward 3667-65 - if you are short, stop loss at 3685-90
target short term zone at 3667-65
Medium term if you could hold longer within a week, we should expect the pull back toward the 3500-3400 zone - please review 4 hours chart.
LETS GO
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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.