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XAUUSD 4 Mar 2024

XAUUSD 4 Mar 2024 on the H4 timeframe. Gold was seen moving sideways for quite a long time before finally experiencing a rise at the beginning of this month. Rising from the price position of 2046.55 to successfully touch the price position of 2085.74. However, Gold is experiencing a bearish trend again due to oversold which is also seen on the stochastic indicator. If the bearish trend continues, then go-short could be an option for traders. However, if this commodity manages to reverse the trend back to bullish then go-long is an option. Pay attention to many indicators and be aware of market changes before making trading decisions.

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