GOLD has made a strong rally on this Tuesday which help us to finish a trade with all targets hit with 220 pips. The purple arrow is the new 1st swing now has made it to the 1st R/S zone. Should wait for 4h chart signals to see if gold can break this level. For sellers, all those purple R/S zone could be a good position to sell only if strong selling signal appear on daily chart . For buyers, now it is not a good time to open a trade to buy. Better wait for 4h signals. Based on weekly chart, we are now prefer a buy option as the long term channel is still possible send price up to retest last top.
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