Hey, traders! We already posted a long-term idea on gold yesterday but were getting a lot of questions from people already holding a position. As of right now, gold is very indecisive, but on H1 we may see a top being created. This will lead us to 1785 (TP1) and it might even touch the bottom of the current descending pennant once again. The SL is a little too fat to enter, but this can be an outlook for people potentially shorting the gold to add another position.
Make sure you always stay open-minded and ready to adapt to the changing market!
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