In the 4-hour timeframe, gold appears to be exhibiting a bullish trend as it follows a descending channel pattern. Currently, the price is approaching a significant buying zone, suggesting potential for a reversal. Traders may consider entering long positions upon receiving bullish confirmation within this buying zone, anticipating a possible upward movement.
In the 4-hour timeframe, gold appears to be exhibiting a bullish trend as it follows a descending channel pattern. Currently, the price is approaching a significant buying zone, suggesting potential for a reversal. Traders may consider entering long positions upon receiving bullish confirmation within this buying zone, anticipating a possible upward movement.