Gold continues to demonstrate strong performance with a consistent upward trend observed on the 1-hour time frame. The price structure forming Higher High (HH) and Higher Low (HL) patterns indicates a clear signal that the dominance of buyers remains robust. As long as this pattern persists, buying pressure is expected to keep influencing price movements, paving the way for a continuation of the upward trend in the short term.
From a technical indicator perspective, the rising direction of the Moving Average (MA) reinforces the ongoing uptrend. The ZigZag pattern also showcases a neat ascending structure, while the MACD in the positive zone further confirms that bullish momentum is still strong. This combination of price structure and indicators suggests that Gold still has room for further strengthening, provided there are no significant reversal signals.
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On the 15-minute chart, Gold displays bullish potential as its price remains within a bullish channel, reflecting sustained buyer dominance. The signs of a price increase are further supported by an upward-moving Moving Average (MA) and a ZigZag pattern forming higher highs and higher lows, thereby bolstering the likelihood of Gold continuing to strengthen and testing the resistance area at $4,535 in the near future.
तकनीकी संदर्भ: खरीदना as long as it remains above 4,452
संभावना लाभ लेने के 1: 4,520
संभावना लाभ लेने के 2: 4,535
संभावना झड़ने बंद 1: 4,470
संभावना झड़ने बंद 2: 4,452
