After 4 consecutive dropping sessions, precious metal Gold yesterday started to show signs of slowing down when ending the day with a long bearish candle. And to confirm the bullish reversal signal, in my opinion Gold needs to close the daily candle with a bullish green candle with strong upward force to form a reversal pattern around this price area.
- On the h4 time frame, we can see that Gold is showing signs of recovery and this recovery in my opinion is likely to reach around 1800-1805 and people can buy up here. At the price zone Now, we liquidate the order and wait for a signal at the level of 1800-1805, the price area that I have mentioned many times is a psychological resistance area and Gold needs to pass to confirm the reversal signal. . If Gold breaks through here, I will continue to update the signal.
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