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Monday, May 5, 2025

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 05, 2025.

May 05, 2025 0 comments

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 05, 2025.

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With the appearance of the Failing Wedge pattern on the 4-hour chart, it gives an indication that in the near future it has the potential to go to the level of 3297.43 and if the momentum and volatility support it, Gold will continue to strengthen again to the level of 3343.81, but if on its way to these levels, there is suddenly a weakening correction that breaks through and closes below the level of 3201.44, then all the strengthening scenarios that have been described earlier will be invalid and automatically canceled by themselves.

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The material has been provided by - RobotFX

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