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Gold Spot / U.S. Dollar
Updated

Gold Price Analysis: Trends and Predictions

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Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.
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Gold price is fluctuating in the range of 2230-2360, I think gold needs a strong buying force to break out.
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Gold price is running close to the target
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GannTechnical IndicatorsTrend AnalysisXAUUSDxauusdlongxauusdshortxauusdsignalxauusdupdates

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GannTechnical IndicatorsTrend AnalysisXAUUSDxauusdlongxauusdshortxauusdsignalxauusdupdates
LuxeFX_Trading

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.