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Analytical Reviews

Technical analysis

23.04.202506:37 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Wednesday, April 23, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 23.04.2025 analysis

If we look at the 4-hour chart, the Gold commodity instrument appears to still be moving in a Bullish bias, but with the appearance of Divergence between the Gold price movement and the Stochastic Oscillator indicator, it gives an indication that in the near future Gold will experience a weakening correction to the level of 3310.31 as its main target and 3265.60. But if on its way to the target levels, Gold suddenly strengthens again until it breaks through and closes above the level of 3499.58, then all the weakening correction scenarios that have been described previously will be invalid and automatically canceled.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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