Hi Traders, Gold rejecting from Reversal Zone.
Next 4 hour candle (approx 1 hour left), closes strongly bullish is a good indicator of a potential buy.
Bulls entering the market.
Please see my previous chart idea as this is a continuation of that.
Next 4 hour candle (approx 1 hour left), closes strongly bullish is a good indicator of a potential buy.
Bulls entering the market.
Please see my previous chart idea as this is a continuation of that.
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** Remember that we need the next 4 hour candle to close bullish and strongly if possible. Otherwise we can test down lower at the bottom of this reversal zone. If we break under then it may be a trading range on the daily.
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Please LIKE and FOLLOW for future chart ideas. Thanks! :D
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The 4 hour looks like a sort of doji to me. We still have the ability to continue higher if the next 4 hour turns bullish.
If not, we still have this entire reversal zone area to reverse, but we need good bullish signal and follow through.
If we break below then most likely a trading range. There are a lot of wicks, dojis and indecision so it wouldn't surprise me. However there uptrend continuation is still a valid idea and possibility.
T
If not, we still have this entire reversal zone area to reverse, but we need good bullish signal and follow through.
If we break below then most likely a trading range. There are a lot of wicks, dojis and indecision so it wouldn't surprise me. However there uptrend continuation is still a valid idea and possibility.
T
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I may sleep soon so i'm sorry for any further lack of updates.
Have a great day/night everyone!
Have a great day/night everyone!
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Buying follow through here leads to an even better setup.
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1 hour close - good buy.
Goodnight friends, all the best!
Goodnight friends, all the best!
