Gold Trade Idea-Long
On the 4hr time frame, we are currently holding support at the 50 day ema along with regular previous price action as support. Our bias here is long as we are in an uptrend and respecting our previous higher low. I am waiting for this pullback to confirm as a new higher low on the 1hr time frame by waiting for signs of bullish momentum. Whether that's a clear break of the consolidation by an engulfing candle or a break and retest.
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