Although currently on the 4-hour chart, Gold is still strengthening, but with the appearance of divergence between price movements and the Awesome Oscillator indicator and also confirmed by price movements moving below the WMA (30 Shift 2), which also has a decreasing slope, in the near future Gold has the potential to weaken down to the level of 2878.13 even if the momentum of weakening and volatility support it, Gold has the potential to go to the level of 2854.57, but if on its way to these targets Gold suddenly strengthens again until it breaks through and closes above the level of 2964.74, then the weakening setup that has been described previously will be canceled by itself because it has become invalid.
(Disclaimer)
