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4 Hour Timeframe;
✔️ Price has recently printed a nice pin bar right onto a confluence of areas of importance
✔️ It is sat directly on the 50.0 Fibonacci level, the 100MA & at a very strong prior level of support whilst perfectly rejecting the 4th touch of a bearish trendline
✔️ A perfect doji loks to be forming & rejecting the 200MA which would confirm bearish bias in multiple timeframes
Although gold can be quite volatile and unpredictable to trade at times, this setup fits in too perfectly with my trading plan to miss out on it. I will place my stop loss just above the 61.8 Fibonacci level as a volatility cushion & will leave TP open as it has a large potential downside in my opinion.
I hope everyone's Ramadan is going well 🌹 I've finally been able to devote more time to my creative pursuits, so I'm looking forward to sharing everything with you all in'sha'Allah! 🌹 This is a #wip I'm doing atm, my largest piece to date!
***Artist to Watch*** Mequitta Ahuja refers to her work and process as “Automythography,” a variation of a term coined by the author Audre Lorde. Ahuja defines “Automythography” as a constructive process of identity formation in which nature, culture and self-invention merge. Her works demonstrate female self-invention and self-representation. A multi-stage process, Ahuja first documents her solo performances in front of the camera. She uses the resulting photographs as source material. In preparatory drawings, she develops the fictional elements of her work ultimately to be realized in works on canvas and paper. @mequittaahuja #mequittaahuja @artspace @brandnewgallery