Wondering where gold is heading next? Don’t worry, we’ve got you covered.
Our technical analysis indicates that gold has once again entered bearish territory on the 4-hour chart as of Friday’s close. This marks the second time in two weeks that gold has shifted into a bearish trend, further supporting our current outlook.
We have maintained a bearish bias on gold for several weeks, and the latest movement in the moving averages continues to validate this view, at least in the short term. Our team is actively monitoring the market for sell opportunities on lower timeframes, aiming to maximize profitability.
Stay tuned for further updates from the InvestmentLive trading desk.
Our technical analysis indicates that gold has once again entered bearish territory on the 4-hour chart as of Friday’s close. This marks the second time in two weeks that gold has shifted into a bearish trend, further supporting our current outlook.
We have maintained a bearish bias on gold for several weeks, and the latest movement in the moving averages continues to validate this view, at least in the short term. Our team is actively monitoring the market for sell opportunities on lower timeframes, aiming to maximize profitability.
Stay tuned for further updates from the InvestmentLive trading desk.
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