Price movement of an ounce of gold: Gold has plummeted to a leve

Fundamenta Aspect
The global gold four-hour ounce chart fluctuates inside the triangle pattern. The re-election of Powell exacerbated the urge to sell gold, while the dollar grew in strength.

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Technical Aspect

Bulls: If the bulls manage to push the price over the 1816 barrier. The next possible resistance could be 1848.
Bers: The price of gold is expected to rise from the first support level of $ 1780 to the resistance level of 1816.