Gold Price Action

Hi everyone,

The market is clearly showing an uptrend. I have marked the unmitigated zone, which is also captured by the Fibonacci retracement. If the price comes to that zone and shows some bullish movement, then we can go for a long position.

I always recommend using multi-timeframe analysis for better results. This will help you to identify the overall trend and the potential entry and exit points.

Happy trading and good luck!