Overall, gold is very bullish, so this setup is still counter-trend. However, we currently have a bearish impulse-correction-impulse (I.C.I.) pattern on the daily chart. I'm currently waiting for my entry, and I will minimize my risk on this trade, especially considering the prevailing trend.
Note
Still waiting
Trade active
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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.