Gold US Session Short-Term Technical Analysis Guide (November 13

13 Kas

Gold is currently trending slightly higher on the 4-hour chart, maintaining a slightly bullish bias along the short-term moving averages. The price is currently trading near the previous resistance zone, but there hasn't been much room for a pullback. We should be wary of a potential continuation of the upward trend during the European and American sessions. On the hourly chart, after a second upward move from the highs, it's currently consolidating in a narrow range with insufficient momentum. We should watch for a pullback before a continuation of the upward trend. There's some divergence on the smaller timeframes; we should monitor the short-term correction and recovery.

13 Kas

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Short-term trading strategy:

Buy gold around 4216-17 with a stop loss at 4209.2, or sell gold around 4260-1 with a stop loss at 4267.8. Real-time market guidance will be provided during trading hours.