Gold slowly rises and accelerates to the Beware of a decline
As for gold today, it has been trading sideways from the high in the morning and has directly gained strength to stand above 3000, reaching a high of 3015. If it falls back in the afternoon, we can expect a second rise. Focus on the support at 3009, and the upper pressure is at 3040-3050!From the technical indicators, the daily line has deviated too far from the 100-day moving average and needs a deep correction to repair it. The four-hour cycle also shows a divergence signal, forming a double-top structure of the indicator. Therefore, above 3040, we must be careful of a large retracement and decline.
Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
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Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
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Focus on trading XAUUSD, USOIL, BTC
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Free signal groups.
t.me/+4N5tZNAYUbg1NzM0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.