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Since the gold price went up, most of the forex pairs are influenced. So, we have to look at the trend again, things may change. Like this one, it started to form a rising wedge after the gold price changed trend.
Since it is forming a rising wedge , the price could go down in the near future because the rising wedge is a bearish signal.
The two MACD lines twist together. Also, we can observe a clear lower high in the RSI graph, which is a bearish signal.
Although we have some bearish signals here, the price could increase also. As can be seen in the wedge , this price is forming a wedge now, so we could see some fluctuation soon.
Since it is forming a rising wedge , the price could go down in the near future because the rising wedge is a bearish signal.
The two MACD lines twist together. Also, we can observe a clear lower high in the RSI graph, which is a bearish signal.
Although we have some bearish signals here, the price could increase also. As can be seen in the wedge , this price is forming a wedge now, so we could see some fluctuation soon.
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