Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Wednesday, November 22 2023

On the 30 minutes chart of Gold commodity asset, there is the price movement which is above the Kumo, Chikou Span also above the price and Kumo and even though Tenkan Sen and Kinjun Sen above the Kumo, but intersect with the Death Cross, which means although the Gold is in the Bullish condition, but in the near future has the potential to corrected below, where this is also confirmed by the appearance of the hidden deviation between price movement with CCI indicator so that, in the near future Gold has the potential to corrected downward, but if the weakness doesn't exceed under the level 1988,80, then Gold has the potential to be strong again up to the level 2007,07.

Analysis are provided by InstaForex

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