THIS IS HOW I SEE GOLD PLAYING OUT AS LONG AS ZONES ARE RESPECTED
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Minor pullback to previous demand but as long as price remains above 1555, I see GOLD can still move up and complete this view
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Neckline broken and price is rejecting minor support as per analysis. If price closes ABOVE 1560 then expect further bullish move
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Multiple touches along CTL and rejection of neckline/demand
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Its important for me to understand market structure and areas where I can improve my analysis.
1557 is a daily key level also coincides with the bottom of a previous weakened zone which given its proximity to neckline on H4 is a valid area for price to retrace from .
NOTED FOR FUTURE ANALYSIS.
If price breaks and closes ABOVE 1562 I will be looking for buys
Trade closed: target reached
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TARGET REACHED - ANALYSIS WORKED OUT AS EXPECTED!!
Expect a pullback and if price respects neckline area then I expect Price to continue up to 1575