Gold Short-Term Technical Analysis Guide (November 4th)!!!

Gold is showing a converging pattern on the 1-hour chart, with moving averages clearly intertwined and failing to establish a strong directional trend. Gold is currently facing resistance around the 4000 level and hasn't shown a strong upward breakout. If gold breaks through and holds above 4000, then the 4020-4030 resistance zone should be monitored during the US session. Overall, gold is expected to remain in a range-bound market.