After the Divergence appeared between the movement of the Gold price with the Stochastic Oscillator indicator on the 4-hour chart and was also confirmed by its price movement which is currently below the WMA (30 Shift 2) it has confirmed that Gold is currently in a weakening condition even though in the near future there is potential to strengthen but it is limited in nature where the level of 3017.17 will be tested but as long as the limited strengthening does not break through and close above the level of 3054.98 then Gold will continue to weaken again to the level of 2929.26 as its main target and if the momentum and volatility support then 2894.81 will be the next target to be aimed for.
(Disclaimer)
