Gold is in a weekly rejection zone, and has been bullish for some time without a big retracement. 4hr timeframe shows wick rejections and the current 4hr candle broke above resistance but failed to breakout further. RSI indicating bearish divergence. PPI news today so price will get choppy and but im taking this opportunity with reduced risk.
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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.