Gold Price Action

123
Hello Traders,

I have marked a key zone on the 4-hour chart, highlighting liquidity areas that need to be grabbed. Based on this setup, there is a strong possibility that the price will rise.

Looking at today's economic forecast, the USD appears slightly weaker due to higher-than-expected unemployment claims. Additionally, I have identified divergence, which further supports a potential bullish move.

You can consider entering a long position, but always ensure proper risk management. Stay disciplined, avoid over-leveraging, and don’t let greed take over.

Wishing you all the best and happy trading!

Thank you.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.