Right!
This is the analysis using Market Rhythm method of analyzing the gold price.
I set it using the weekly time frame (1 candle = 1 week period). You can see it clearly that the price supported by the SMA 360 and start to move upward started 2 weeks ago.
Right now, there are 2 major resistance at around 1310 (EMA 8) and 1400 (EMA 21) respectively. Can it recover from the bottom of the market?
We will see!
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