On the gold’s 1h chart, we can see that a bullish divergence has formed. The price formed a lower low but the RSI formed a higher low, which means that the sell pressure is not that high. Gold will go side ways or slightly rise. It will be a good choice to take some profits.
Many times when breaking out a pattern, it is really common to see that the price don’t meet the technical target. When some other technical signs occur or some special events happen will effect the price.
Many times when breaking out a pattern, it is really common to see that the price don’t meet the technical target. When some other technical signs occur or some special events happen will effect the price.
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