The 4HR timeframe is providing a good perspective of gold for me currently. It appears that a bearish impulse wave cycle has run its course followed by its subsequent correction cycle. I am now looking for short opportunities as the momentum shifts from bullish to bearish.
Confluence points: - Impulse wave complete - Correction wave complete - 4HR resistance zone - 61.8% Fib retracement zone of the impulse wave - RSI Divergence ( Indicating possible momentum shift post the double bottom rally )
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