Technical analysis of Gold
XAUUSD
By examining the trend of gold in the one-hour time frame, this precious metal has formed a positive divergence in MACD in the direction of increasing the price, and most likely, provided that no one-hour candle closes are recorded under the support of $1973. The rate can rise to the resistance range of 2007-2014 USD.
⚠️ Risk disclosure statement:
Since the financial markets are under the pressure of many factors and any factor can cause fluctuations in it, the provided analyzes are provided only to inform the general market environment and are not any suggestions for buying or selling. So be sure to trade with your trading strategy in this market.
XAUUSD
By examining the trend of gold in the one-hour time frame, this precious metal has formed a positive divergence in MACD in the direction of increasing the price, and most likely, provided that no one-hour candle closes are recorded under the support of $1973. The rate can rise to the resistance range of 2007-2014 USD.
⚠️ Risk disclosure statement:
Since the financial markets are under the pressure of many factors and any factor can cause fluctuations in it, the provided analyzes are provided only to inform the general market environment and are not any suggestions for buying or selling. So be sure to trade with your trading strategy in this market.
Dara Golbon