#Gold outside bars are highly reliable patterns in technical analysis. These patterns often indicate a potential reversal in the market sentiment. The fact that there is liquidity at 2365 suggests that this price level is significant and could attract more market participants. If buyers step in at this level in the coming hours, it could signal a shift in momentum towards the upside.
Traders should pay close attention to the price action during the New York session for a potential buy signal. The New York session is known for its high trading volume and can often lead to significant price movements. If Chris's analysis proves to be correct and a buy signal emerges, it could present a lucrative trading opportunity for those looking to go long on gold.
It is important to note that trading based on signals and patterns carries inherent risks, and traders should always implement proper risk management strategies. Keeping a close eye on price developments and being prepared to act swiftly based on market conditions are key elements of successful trading in the financial markets. Chris
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