Gold in one hour time frame
1. Reverse head and shoulders pattern
2. Good support from the 200-day moving average
3. Good support from the bottom of the ascending channel
4. Cup pattern
Considering the above and the not so positive atmosphere for the US dollar, we can hope for the proposed long position.
This is not a recommendation to buy or sell
Don't forget capital management and compliance with risk to reward
1. Reverse head and shoulders pattern
2. Good support from the 200-day moving average
3. Good support from the bottom of the ascending channel
4. Cup pattern
Considering the above and the not so positive atmosphere for the US dollar, we can hope for the proposed long position.
This is not a recommendation to buy or sell
Don't forget capital management and compliance with risk to reward