Looking at the level 1562.08 on the 4H and weekly charts.. if we see price close on this level tonight we form a dragonfly doji... possible sign of a Bearish reversal.. Also if we look on the 4H chart we can see a close on this level would give us a double top... this is just an idea I decided to share and not a signal too short...
I personally think there's likely to be more tension between US and Iran which will likely push Gold prices higher.
Daily Candlestick rejection of MA
Broken trend lines and retested
A close above 1563 will show a higher high and confirm long momentum
Should eventually find its way towards 1600 region. Could sell off there or push to 1635...
Watch out for price rejection between 1561 - 1566. This is the anticipated level for the node of b- (or x-) wave of the gold correction on H4.
NOTE: Not intended to short gold. Buy setup will be confirmed on wave c- (or y-)
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