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.