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$GOLD / #Gold | 4H Trade Setup Update ● Current Status: GOLD is attempting to find support at VAH
$GOLD / #Gold | 4H Trade Setup Update
● Current Status: GOLD is attempting to find support at the Value Area Low (VAL) with a bullish divergence, rising momentum, and money flow. It recently came down to grab liquidity at a high volume node at the bottom of the range.
● Technical Indicators: Bullish Divergence: Momentum and money flow are rising. Stochastic RSI: Low, indicating potential for upward movement.
● Outlook: Traders should monitor for sustained support at the VAL and watch for signs of upward momentum. The convergence of bullish divergence, rising momentum, money flow, and low stochastic RSI suggests a favorable outlook for an upward move in GOLD. Keep an eye on the price action around the high volume node for potential liquidity-driven reversals.
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