GOLD (XAUUSD): Signals Of Slowing Momentum?!
Gold hit a new record high last week, but recent indications on a 1-hour timeframe suggest that bullish momentum is waning.
After a strong price increase, we are now seeing a series of diminishing price movements within a rising wedge pattern.
Following the release of significant news today, there was a notable price drop that broke through a support line in the rising wedge. This downturn may persist, with the next support level potentially at 2,600.
After a strong price increase, we are now seeing a series of diminishing price movements within a rising wedge pattern.
Following the release of significant news today, there was a notable price drop that broke through a support line in the rising wedge. This downturn may persist, with the next support level potentially at 2,600.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.