Commodity Trade Mantra

Posts Tagged ‘Price Action in Gold’

Gold Prices Are Attempting to Carve Out Higher-Low Support

We’ve seen multiple instances of buyers coming in to further support gold prices above the fresh near-term low on Thursday of last week at $1,320 level, producing a series of short-term higher-lows on the 4-hour chart. Traders looking to treat the Gold setup aggressively could look at this attempt to carve-out higher-low support as a potential top-side entry.

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