Gold Analysis: Volatility Contraction Near Support (15 min)
Gold is currently hovering just above a support level, with small candles indicating a possible volatility contraction. This signals a potential buildup of tension, where a breakout could be imminent. If the price holds above this support, we could see upward movement. However, a breakdown below the support might trigger a bearish move. Keep an eye on volume and price action for the next big move.
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WiVERIDERS
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.