AlgoVenture

Gold Long - H1 Bullish Bat

Lång
FX:XAUUSD   Guld / USA-dollar
The gold retraced downward as expected, and eventually completed a Bat pattern.
There was a spring effect that just happened minutes ago after the completion of a bullish bat.
The next hour will be critical as the supply zone at 1310 has proven to be tough and has attempted a rebound.
What's left is if there's enough buying strength to keep pushing the price upwards.
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