NEW IDEA FOR GOLD
The increase in geopolitical tensions caused the price of gold to rise
By examining the trend in the four-hour timeframe, gold is approaching the resistance of the ceiling of the ascending channel in the range of 2645, and therefore, this scenario is strengthened, provided that gold maintains and does not record any close candlestick above the resistance in the four-hour timeframe. 2645, it can decline to support the bottom of the channel in the range of $2557.
By examining the trend in the four-hour timeframe, gold is approaching the resistance of the ceiling of the ascending channel in the range of 2645, and therefore, this scenario is strengthened, provided that gold maintains and does not record any close candlestick above the resistance in the four-hour timeframe. 2645, it can decline to support the bottom of the channel in the range of $2557.
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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.
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.