Currently, the price of gold is at the Point of Control (POC) level, which suggests that we may see some weakness in the market. Based on my analysis, I expect a pullback towards the 2860 level. This is supported by a Wyckoff distribution pattern that indicates sellers are gaining strength, especially since we've observed a lower high around the 2906 level.
Stay tuned for more updates!
Stay tuned for more updates!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.