According to the ABCD price structure, point D will be directed around the 127.2 fibo at around $3,346 with the timing expected to complete today
Therefore, the short-term strategy today will prioritize Buying with the Buy price zone around the range of $3,325 - $3,327 (the most recent price structure zone established). However, it is necessary to be careful of a deep price decline that brings Gold to $3,322 before increasing again. Stoploss if the price falls to $3,317 and the price target is directed to $3,337 - $3,346 and $3,352 respectively
The price zone around $3,346 is a range price structure ahead so it is possible to look for Short opportunities to continue following the trend. However, it is not recommended to enter orders directly and should wait for a price confirmation.
Price confirmation could be a strong reversal candle around $3,346
Or price could surge above $3,352 and then quickly drop back below $3,346, then watch for a Short on the pullback back to $3,346. Stoploss 8 price
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