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⏰.
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