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Gold Risng

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#trading_idea #Gold 💡

👑#Gold- Outlook

On the 4H chart, prices are near the upper Bollinger Band, suggesting potential overbought conditions. The MACD is above the signal line with a growing histogram, showing strong bullish momentum, while the Bull Bear Power indicator also highlights increasing buying strength after a recent pullback from the support level.

🔼If the price breaks above the resistance level of 2510, further rise towards the next resistance at 2517 is possible.

🔽Alternatively, If the price fails to break above 2510 and starts to pull back, a decline towards the support level at 2500 and lower could occur.


🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.


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Penafian

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