#GOLD / USDT - Price Analysis:
Strong uptrend on the weekly, bulls are fully in control of the situation at macro levels.📈
⚠️ But be cautious of signs of a medium-term reversal and correction 📉
🚨 Bearish RSI divergence is brewing before the daily Shinkou level!
The current high may mark a market breakthrough for several weeks.
The area 4,415 - 4,450 may act as bearish resistance for testing.
💡 My opinion:
Since the level 4,200 is not a strong support, we can expect further correction for consolidation and attracting liquidity in the area of 4,000 - $ 4,100!
After a clean correction, the continuation of the bullish trend looks realistic. 📈
Key support levels to watch:
4,230∣ 4,075 | 3,970∣ 3,820 - $ 3,750
Not financial advice - DYOR. ⚠️
