NEW IDEA FOR GOLD
Technically, gold has broken the resistance range of the descending channel ceiling at 2647 on the one-hour time frame and now there is a possibility of an increase in price due to the convergence of the Alligator moving averages, which is sending a bullish signal to the market.
Overall, this scenario is strengthened that gold can increase in price by the length of the first descending channel to the resistance of the second descending channel ceiling at 2688, provided that no four-hour candlestick close is recorded below the support of 2647.
Overall, this scenario is strengthened that gold can increase in price by the length of the first descending channel to the resistance of the second descending channel ceiling at 2688, provided that no four-hour candlestick close is recorded below the support of 2647.
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