GOLD (XAUUSD): Update & Thoughts
gold is still trading within a major daily/4h rising channel.
after setting a new higher high higher close within that, the price started to consolidate.
the market formed a bullish flag pattern setting a sequence of lower lows and lower highs on 1H.
to catch a bullish continuation, you can wait for a bullish violation of a flag.
then buying on retest we can get a great trend following trade.
next goal will be 1823.0
in case of a bearish violation of a major channel, bias will shift to bearish
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