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27.05.2025 09:01 AM
With the movement of Gold prices on the 4-hour chart moving above the WMA (21) with a slope that is going upwards, Gold in the near future has the potential to go to the level of 3365.45. If this level is successfully broken and closes above it, Gold has the potential to continue strengthening again to the level of 3385.93 and if the momentum of strengthening and volatility support it, Gold will go to the level of 3437.64, but with the appearance of Divergence between the movement of Gold prices and the Stochastic Oscillator indicator, there is the potential for a weakening correction in the near future, but as long as it does not broken and close below the level of 3278,74, the weakening is only a temporary correction and Gold will strengthen again until it returns.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
