XAUUSD Gold is moving above the EMA200 and EMA50 in its descending channel on its 4-hour timeframe. If XAUUSD correct to the range, which is at the intersection with the bottom of the upward channel of the one-hour time frame, we can expect upward fluctuations in gold with a better reward. Considering the good bullish momentum of Gold, the intention to sell at the top of the descending channel will very high.
Dara Golbon
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