XAU/USD Price reduction in the range area??

Hello friends

By checking the chart in:

Monthly time frame:
- Although the price broke the very strong resistance level, it came back with a strong move
- Stoch RSI; In the range of 80
- RSI; Above 50, and range
- MACD; In range, and divergence

Weekly time frame:
- A bearish candle with a long shadow closed above.
And then last week we saw a candlestick with a price range move
- Stoch RSI; About 80, and range
- RSI; Above 50 and range
- MACD; in range, and divergent

Daily time frame:
- The price is in a range at a strong resistance level
The price broke the bottom of the ascending channel, and then a pullback has formed
- Stoch RSI; Below 50
- RSI; Above 50, and tend to decrease
- MACD; Tendency to decrease


4H time frame:
- The price has formed strong bearish candles at the resistance level
- Stoch RSI; decrease
- RSI; Above 50 and decreasing
- MACD; decrease

In smaller time frames, in addition to the formation of a wedge, there is a tendency to rise

* I think in the next week, the price with an upward movement and contact with resistance,
It takes a decreasing trend

Be profitable

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