Gold has experienced a downward trend, displaying a discernible flag pattern on the 4-hour timeframe. An opportunity to enter a sell position arises when the price intersects the trendline within the flag pattern, substantiated by confirmation from lower timeframes. Alternatively, a long position may be considered if the price surpasses the trendline and the highlighted resistance zone.
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Happy Trading!
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Happy Trading!
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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.