Hello everyone, on the 30-minute chart, gold is currently oscillating in the range of 1845-1851. The MACD indicator is temporarily in a golden cross formation, but its performance is relatively weak, and there are already signs of a death cross forming. This indicates an impending correction.
On the 1-hour chart, the MACD is about to form a golden cross. If this happens, it means that there will be a large bullish candlestick coming up.
However, on the 2-hour and 3-hour charts, the consolidation phase is not yet over, so it is highly likely that gold will continue to oscillate today, with a range between 1842-1857. Our trading strategy for today will revolve around this range.
Thank you for your attention and support. I will continue to track market changes. If you have any questions, please leave a comment, and I will provide you with the most reliable solutions in the most sincere and responsible manner to help you solve your problems!
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Gold is about to reach 1845 and is currently in a downward phase. Going long at 1845 requires position control. Please do not trade heavily and wait for the second buying point to appear.
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