REDATOR Ben Graham Posted September 10, 2025 REDATOR Report Share Posted September 10, 2025 Gold, after reaching its high around 3,674 and its low at 3,619, made a technical correction to 61.8%, around 3,657.On the H4 chart, we see that gold is resuming its bearish cycle. However, we should expect the price to consolidate below 3,340, then we could see a continuation of the bearish movement that could reach the 8/8 Murray at 3,593.On the other hand, if the gold price consolidates below 3,660 and above 3,640, there will be an opportunity to buy and sell in this range.With a breakout of consolidation above 3,660, we could see the price return to the 3,671 level. It could even reach the key level of $3,700.The H1 chart is showing signs of oversold status, so the price of gold is likely to continue trading above 3,630, where the +1/8 Murray level is located, for the coming days.The material has been provided by InstaForex Company - www.instaforex.com Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Gostei! × 💬 Gostou do conteúdo? Sua avaliação é muito importante! Gostei! Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Quote Link to comment Share on other sites More sharing options...
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