XAU/USD is currently showing a bullish trend, so I'm only considering bullish entries unless there is a clear signal indicating a change in market structure toward a bearish trend. Based on the analysis, I anticipate Gold to retrace into the blue zone, which represents an Order Block, and then reverse to continue its bullish trend to reach the previous high and continue moving upward.
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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.