Gold 1D IRL > ERL indicates a shift from an impulsive to an extended range on the daily timeframe. On the 1H, the Market Maker Buy Model (MMBM) is in play, signaling a potential buy opportunity as price consolidates before a breakout.
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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.