Gold:
The price ran into 1825/30 resistance, then broke below the monthly open 1812 and that shifted the focus lower. Now this channel is not the best one but it works for now.
This tells us that the price may actually fall to key support 1775 area but to complete the correction should reach 1750 as long price below 1812/14.
Gold could make a deeper pullback into 1750 without invalidating the longer-term uptrend.
Now how this effect our 123bullish 4hr, we should take into account that there is a risk that Gold start down move/correction.
The price ran into 1825/30 resistance, then broke below the monthly open 1812 and that shifted the focus lower. Now this channel is not the best one but it works for now.
This tells us that the price may actually fall to key support 1775 area but to complete the correction should reach 1750 as long price below 1812/14.
Gold could make a deeper pullback into 1750 without invalidating the longer-term uptrend.
Now how this effect our 123bullish 4hr, we should take into account that there is a risk that Gold start down move/correction.
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