Hey traders,
Update for gold.
Analyzing an intraday perspective I spotted a horizontal trading range.
To catch a bullish movement, wait for a bullish breakout of its upper boundary.
You need an hourly candle close above to confirm the breakout.
Then a bullish move will be expected at least to 1972 level.
In case of a bearish breakout of a range the setup will be invalid.
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Check my new analysis on CHFJPY:
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