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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
A lot of Elliot Wave people were calling $1825 but gold is not TA reliable over periods longer than a week or so. It responds to current events. Every piece of news about China vs. the world is increasingly bad. Diplomats expelled, TikTok banned, jets over Taiwan, India border clashes, on and on. Also, monetarily, things get worse. Debt increases, stock valuations get more over-priced, trade figures poor, currencies like the Turkish Lira in freefall. Every week the drivers for gold build.
jigz91
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as you can see double top was formed from 4 hour chart and market makers was hunting for liquidity around the 1960 (false breakout) and now from here at 1950 i would sell since market makers already got enough liquidity and have the tp at 1926 since the market will be closed soon. but you can hold it and the lowest it can go to is 1900.