Gold's been dancing near all-time highs lately, riding on softer PPI numbers that keep the rate-cut narrative alive. Looking at the 4-hour chart, we're seeing a textbook rising wedge forming with RSI losing steam—classic warning sign. The setup's worth watching especially with jobless claims data dropping soon, plus those Fed speaker remarks could add some volatility. Geopolitical headlines aren't helping either, keeping safe-haven assets like gold in focus.
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GlueGuy
· 6h ago
This wave of gold price increase feels a bit fake, the wedge pattern has already appeared, so be cautious in the short term.
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BearMarketSurvivor
· 6h ago
The recent surge in gold prices is indeed a bit outrageous, but that ascending wedge... uh, it feels like it's about to eat bread.
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NotFinancialAdvice
· 6h ago
The rising wedge this time is a bit risky; RSI is losing momentum. Be careful of getting caught in a trap.
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OnchainHolmes
· 6h ago
Gold is causing trouble again; this wedge pattern looks a bit risky.
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MindsetExpander
· 6h ago
Gold is acting up again. This upward wedge pattern is a bit risky.
Gold's been dancing near all-time highs lately, riding on softer PPI numbers that keep the rate-cut narrative alive. Looking at the 4-hour chart, we're seeing a textbook rising wedge forming with RSI losing steam—classic warning sign. The setup's worth watching especially with jobless claims data dropping soon, plus those Fed speaker remarks could add some volatility. Geopolitical headlines aren't helping either, keeping safe-haven assets like gold in focus.