🥇Gold🥇 Analyze (Short term, 01/05/2023)!!!

Gold reacted well to the heavy resistance zone.

Gold is moving in a descending channel after reacting to a heavy support zone.

From where we can see a regular divergence (RD-) between the MACD indicator and Gold price, and also in the RSI indicator, a head and shoulders pattern was formed, and it is expected that gold will decrease at least after the breaking of the uptrend line to the support zone and support lines.👇

Gold Analyze ( XAUUSD ), Timeframe 1H⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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Trade closed: target reached