Gold could be a pattern where the daily uptrend hasn't stopped yet. It broke above the daily supply zone after becoming a 4-hour bullish pattern. If support is regained here, a correction of the running flat pattern will be made as shown on the chart, and even if the 4-hour uptrend is broken, it is highly likely to rebound in the new daily demand zone. The reason is that it is supported above the resistance line near the red circle, so if it does not fall below this line, the upside is likely to be high.
Trade geschlossen: Stop wurde erreicht:
Because the bullish pattern has failed, this analysis is no longer valid. It is expected to come down to the weekly demand zone.