GOLD - FORECASTING PRICE ACTION | OBSERVING TREND LINE & 55MA

  • Gold price action forecasting with the ascending trend line and 4H 55MA
  • If trend line breaks, targeting 61.8% retracement and another attempt to break back up
  • Else, forecasting a bounce from current levels/trend-line to break the strong resistance and push further after retesting via a S/R flip
  • Price could swing either way but if I was to choose I would be biased short due to stochastic levels on HTF crossing over indicating overbought
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JayanVarsani

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