Gold correction or continue to rise to a new high!
Updated
From the current trend, gold is indeed very strong, and it has indeed touched around 2670 again until now.
From the hourly chart here, if gold breaks again above 2670, then it will directly touch near 2680, or even 2700.
The gold hourly chart rose from around 2625, from 2625 to 2670 this trend, near 2650 is exactly the 618 position of this trend.
The correction does not break the 618 position, then it is bound to be a new high.
Yesterday, gold was repeatedly failed to break the 2650 mark here, so do not rule out the possibility of continuing to rush higher.
In addition, from the 4-hour chart, the latest support for gold has risen to around 2660.
If gold falls below 2660 again, then it will continue to hit 2650 support here.
Once it falls below 2650, it will usher in a wave of trends to test around 2630.
As for the current operation, it is still necessary to pay attention to the vicinity of 2660, if it is recalled to the vicinity of 2660 to stabilize and can not be broken, it is possible to enter and look at 2680 new highs.
On the contrary, if a callback breaks 2660 here again, then it can be appropriately short, looking at the low near 2650 and the new low of 2630.
Trade active
Hi, it looks like today's prediction was accurate. Gold has broken through 2680.Trade active
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