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Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Wednesday, April 23, 2025.
Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Wednesday, April 23, 2025.
Technical analysis
2025-04-23 04:37:39
If we look at the 4-hour chart, the Gold commodity instrument appears to still be moving in a Bullish bias, but with the appearance of Divergence between the Gold price movement and the Stochastic Oscillator indicator, it gives an indication that in the near future Gold will experience a weakening correction to the level of 3310.31 as its main target and 3265.60. But if on its way to the target levels, Gold suddenly strengthens again until it breaks through and closes above the level of 3499.58, then all the weakening correction scenarios that have been described previously will be invalid and automatically canceled.
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