Gold is showing a converging pattern on the 1-hour chart, with moving averages clearly intertwined and failing to establish a strong directional trend. Gold is currently facing resistance around the 4000 level and hasn't shown a strong upward breakout. If gold breaks through and holds above 4000, then the 4020-4030 resistance zone should be monitored during the US session. Overall, gold is expected to remain in a range-bound market.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
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.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
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.