Overview: This analysis focuses on the Golg (XAUUSD), examining the 4-hour chart for potential trading opportunities. Using RSI and MACD, I’ve identified key levels and patterns that could influence future price action.
Key Insights:
The current price is 2,634. My analysis indicates that while the market is currently highly bullish, we might see resistance around 2,644–2,650. If this resistance holds, a correction could occur, bringing the price back to the support level at 2,590.
At 2,590, a bullish reversal is likely, with the potential to target 2,700. Traders should monitor the market closely for signs of a correction and potential entry points at the support level.
I hope I will be helpful, any other ideas please let me know
Key Insights:
The current price is 2,634. My analysis indicates that while the market is currently highly bullish, we might see resistance around 2,644–2,650. If this resistance holds, a correction could occur, bringing the price back to the support level at 2,590.
At 2,590, a bullish reversal is likely, with the potential to target 2,700. Traders should monitor the market closely for signs of a correction and potential entry points at the support level.
I hope I will be helpful, any other ideas please let me know
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