Gold appears to be exhibiting a bullish trend on the 4-hour timeframe following a breakout from a descending channel pattern. It's advisable to wait for a retracement between 61% to 50% before considering entry, ensuring potential bullish rejection signals for confirmation. This strategy aims to capitalize on the momentum of the breakout while mitigating risk through strategic entry points.
Gold appears to be exhibiting a bullish trend on the 4-hour timeframe following a breakout from a descending channel pattern. It's advisable to wait for a retracement between 61% to 50% before considering entry, ensuring potential bullish rejection signals for confirmation. This strategy aims to capitalize on the momentum of the breakout while mitigating risk through strategic entry points.