The gold bullion is in a strong resistance and we expect a short
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In the 4-hour time frame, the gold bullion is in an ascending channel, which is now close to the ceiling of the channel, and the price has reached a strong static resistance range, and the last closed candle has become relatively weak, so we expect a correction.
The stochastic indicator shows the overbought area, as well as the moving stocks are crossing, which is a sign of falling or correct price.
Also, the price chart and the RSI indicator show a negative normal divergence (-RD), which is again a sign of correction or collapse.
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How Are You Today
In the 4-hour time frame, the gold bullion is in an ascending channel, which is now close to the ceiling of the channel, and the price has reached a strong static resistance range, and the last closed candle has become relatively weak, so we expect a correction.
The stochastic indicator shows the overbought area, as well as the moving stocks are crossing, which is a sign of falling or correct price.
Also, the price chart and the RSI indicator show a negative normal divergence (-RD), which is again a sign of correction or collapse.
Don't forget to like and comment.
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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.