On 4H timeframe, XAUUSD is on a downtrend. We are currently having a bullish pull back. Fast traders are free to trade long to the resistance. However, those that plays safe and trade with the trends can place their entries from the resistance. Good Luck!!!
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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.