Gold has to close above Red box zone for the week in order to show formation, and break the upper TL to resume 13xx area.
Strategy 1: Short at red box zone if 4H shows formation target green box zone or even lower.
Strategy 2: Long above red box zone if 4H shows formation or Long at green box zone.
As I mentioned from my previous post, I think most corporations and investors are injecting their money to cryptos. I am inclining to Short Gold . Good Luck!
We can miss 1237, but we won't miss the pullback.. ;)
Can it breach higher to above 30?
Two possible moves from here. Bullish flag is forming.If it never breaks up the upper TL, risk can drop to ~1312 area