Four-Hour Chart Analysis

The price of gold has been fluctuating on this four-hour chart! It was pushed sharply up from $0.5000 to $0.9999, but a downward pull has brought it back to $0.9444. The price has fallen below the 50 Exponential Moving Average (yellow) and the 200 Exponential Moving Average (purple), indicating bearish momentum. The support level is close to $0.8999 - will it hold? The resistance level is at $0.9999, a key level for bulls.

The Relative Strength Index (RSI) (bottom) is falling from overbought (above 75) to 40, indicating an oversold condition soon - is there a chance for a rebound? There is no MACD indicator here, but the price action suggests caution. Traders, watch the $0.8999 level for a trend reversal or further decline! What is your assessment?