The gold price has started to approach a possible buy area. I'll wait for a tiny bounce because of the quite sharp movement downwards and I act after I have seen bullish price action inside the green area. Criteria count is not so high but the price level (inside the marked area) has worked historically pretty nicely and I expect that this time is not an exception, and criteria are: 1) Channel projection 2) AB=CD 3) Fibonacci Extension 4) Light-blue horizontal line - historically worked price level 5)* Fibonacci retracement 6)* Daily EMA200 7) Wait for a bullish price action inside the green area. Shorter timeframes breakouts from bullish chart patterns, higher timeframes candlestick patterns and etc. * - Around the marked area
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