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Forex
Gold is back to soar and recorded a new all-time high
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[QUOTE="FXOchartist, post: 344449, member: 90221"] Gold price is trading at $2353 on MT4. The price is still forming a small bull candlestick pattern containing small shadows on the top and bottom of the candle. Today gold rose 0.4% from a low of $2346 and formed a high of $2372. Even though there was a strong decline after gold formed an all-time high, the candlestick pattern still formed a lower high, which means the bullish pattern was still not broken. On the daily timeframe the price moves below the upper band with the Bollinger band line expanding indicating high market volatility with a bullish sentiment pattern. Another indicator is the 50 moving average measuring the past 50-day time period forming an upward channel above the lower band line. Meanwhile, the RSI used to measure the overbought and oversold zone shows level 73, meaning the price is in the overbought zone. [img]https://charts.mql5.com/39/286/xauusd-d1-fxopen-investments-inc-2.png[/img] [/QUOTE]
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Gold is back to soar and recorded a new all-time high
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