Asset: Gold Spot vs. US Dollar on a 4-hour time frame.
77
Trend Channels: The price is moving within an ascending channel. Blue lines represent the upper and lower boundaries of the channel. Sell Zone: A highlighted area (between 2,719.235 and 2,726.830) is marked as the "sell zone." It indicates a potential resistance area where selling pressure could occur. Current Price: The current price is 2,699.550, nearing the sell zone but still below it. Potential Outlook: If the price reaches the sell zone, a reversal or consolidation might occur. If the price breaks out of the sell zone upward, it could indicate further bullish momentum.