Gold is currently showing indecision on the H4 timeframe.
Within its internal structure, price is forming an uptrend, suggesting a possible reversal from the previous downtrend pattern.
If momentum continues, gold may break the reversal structure and align with the major uptrend.
The target area for this move is around 4050, where a new major uptrend formation could develop.
Within its internal structure, price is forming an uptrend, suggesting a possible reversal from the previous downtrend pattern.
If momentum continues, gold may break the reversal structure and align with the major uptrend.
The target area for this move is around 4050, where a new major uptrend formation could develop.
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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.