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Back Technical analysis
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Back Technical analysis
Gold on November 9: A Positive Rebound and a Successful Breakout Above Weekly Pivot Levels
The four-hour (H4) chart for Gold
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The four-hour (H4) chart for Gold (GOLD) displays a strong, positive price movement. Currently trading at 4099.36, the asset has shown a notable upward surge after establishing a solid base at lower levels, breaking free from previous downward pressure, and moving within active bullish channels.Technical Analysis and Price ActionPrice Channel Structure: The price is moving within a primary bullish channel (in blue), which intersects and overlaps with a steeper, secondary bullish channel (in pink/red). It is worth noting that the
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