REDATOR Ben Graham Posted December 5, 2025 REDATOR Report Share Posted December 5, 2025 Gold is trading around $4,218, around 7/8 Murray and above the 21 SMA with a slightly bullish bias, although it is showing signs of exhaustion. Gold could continue its rise in the coming hours if it consolidates above $4,220.A return below the 7/8 Murray could mean a technical correction, and we could expect the price to reach the support of the uptrend channel drawn around $4,118 on the daily chart.If gold continues its upward bias, it could reach the 8/8 Murray around $4,375, and we could even expect the upward momentum to take it to the +1/8 Murray around $4,531.A sharp break in the uptrend channel formed since October 20 could signal a change in trend, and we could expect gold to reach the 200 EMA around $3,600 in the medium term.The Eagle indicator is showing a divergence, so it is likely that after a technical correction, the instrument could resume its upward cycle and reach $4,400 in the short term.The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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