FX.co ★ king.zelda | XAU/USD, GOLD

XAUUSD GOLD. Hello. Gold today continued its move to the north, the pair even attempted to break through the now resistance zone, but not very successfully. However, it cannot be said that a rejection was seen, the pair is right in the zone. On the hourly chart, the indicators continue to point north, but one of the lagging indicators has not been supporting the bullish sentiment for quite some time, hinting at a reversal. So in the short-term perspective, there is a possibility of a move towards the south to around 4445-50. On the 4-hour chart, the indicators continue to point south, so I still consider selling as a more priority option for myself. However, the pair has entered the bullish zone of the Bollinger Band. It is too early to talk about consolidation there, but selling is currently in question. In any case, it is necessary to wait for the test result of the resistance zone first, and then depending on the breakout or rejection, the further sentiment will be more clearly visible.