On the H4 time frame, there is a divergence between the upward movement of the candlestick and the downward movement of the Stochastic indicator. So it can be concluded that in the short to medium term Gold will rise.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Comment:
I added my analysis, especially on the daily time frame, it can be seen on the chart, the price has bounced up above the major support area around 1700-1680.