GOLD has been at the support level on the daily and weekly and has the potential to continue moving up. We just need to evalute the price action for the bullish momentum in order to continue moving up. The trend is not confirm right now. But from the support level, it has the potential to form another higher high and higher low. 

The bearish flag pattern has already been formed and the marter has tapped the lower support trendline. The resistance trendline needs to break from the trendline and confirm to the breakout buy. 

The retracement level of 75% is in confluence with the support level and the market has the potential to continue moving up from the high time frame markets.

EMA 50 is bearish and the market may retest and there it would be the profit target.

RSI is at 38. It needs to break past the 50 level benchmark and then retest at the 50 level in confluence with the support level.

GOLD seemingly buys from daily support

Aug 14 2023

Stop Loss -0.42%

Holding time 23hr

1906.62

Entry price

1898.63

Stop loss price