$$GOLD
XAUUSD / Gold - 1-Hour Chart Detailed Support / Resistance Analysis
Data: Price 4,430.28 -42.91 (-0.95%) - Today's High 4,490.81 Low 4,365.56 - Open 4,470.26 Prev Close 4,473.19 MA5:4,428.42 MA10:4,428.04 MA30:4,460.92 MACD: -4.06 DIF: -7.19 DEA: -3.13
1. GENERAL STRUCTURE
The chart is in a structure of a sharp dump, recovery, and second dump. On the left, there is a 7.5% drop from the 4,631.71 peak to the 4,282.62 bottom. Then it made a V-reversal up to above 4,477 and now the second selling wave has come. It wicked to 4,365.56 and is trying to hold at 4,430. This is a very volatile mo