Looking at the structure of GOLD on the 4 hour TF.
Gold broke out of a 4 hour resistance trendline.
If this is a clear break, i have a price target of the golden pocket above.
Looking at a fakeout scenario, Gold to retest the 4 hour high and come back below breakout line.
Happy Trading and stay safe.
Gold broke out of a 4 hour resistance trendline.
If this is a clear break, i have a price target of the golden pocket above.
Looking at a fakeout scenario, Gold to retest the 4 hour high and come back below breakout line.
Happy Trading and stay safe.
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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.