{quote} A BUY ZONE {image} Gold likely to resume the bullishness by closing above the first rectangular block above it or a close below the second rectangular block at 4009 for more sells to 3993 area before any move decision
A final important note: Never buy EU/GU depending on micro timeframes, ignore who relies on like 5 min timeframes, it's all BS and shows total amateur high risky trading!! This is why such ppl are always reluctant, simply bcoz they don't have the base high timeframes to support their levels!! 4 hr that should be in harmony with the daily(basing on) is the first lowest step, weekly/monthly are the most powerful
{quote} Oh poor bulls of micro time frames don't know what happened and dreamnt of 1.20 again
{quote} WE ARE BUYING AGAIN {image} Buy confirmed, expect more buys any moment from now, the sell midnight was just to create a higher low on a higher time frame so expect it to create a higher high any moment from now
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Watching for a fake breakout or rejection near 4050–4060 zone. If market breaks and sustains above, then small bullish continuation possible. But if rejection happens with good volume, I’ll look for short setups targeting 4020 → 4000 levels.
As i told yesterday that 50 area se the mid price for gold on any price level so it should be broken properly for clear direction, still its trading below while yesterday it touched 55 and then down very fast bcz of some news and selling pressure but after that now its at yesterday level. IMO NY will push the price more up. Gold 1hr Bull Flag {image}
