FX:XAUUSD   Gold Spot / U.S. Dollar

Gold needs to break out on the 4H in order to test lower levels. Right now we're waiting for the next
4H candle to form and will analyse the market from there.

I'm looking for a break of the trend-line to go lower or the formation of a double bottom to retest the higher price points.

We remain neutral on the longer time-frames so will continue to use the M15/M5 charts for our short daily trades.
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🟡 Disclaimer: Not financial advice. For educational purposes only.