Hello everyone!
Today, the decline of the US Dollar (USD) is a significant factor driving the increase in gold prices and trading around the 1933 usd/ounce level.
On the H4 chart, there is divergence, with technical indicators pointing towards overbought levels. The Momentum indicator is at a new monthly high. However, on the daily chart, a neutral perspective is presented.
In the long term, it could be that the range of $1945 - $1947 will be an area targeted by bullish traders as well as a strong selling zone for sellers. But with today's market without news releases like this one, selling at 1933$ becomes more suitable for scalping purposes.