Gold can experience a short-term price correction
By examining the trend in the one-hour time frame, gold has an important support interval in the range of 2557-2552, and now, on the condition of maintaining and not registering any one-hour close candle time below the important support interval in the said range, the rate can reach Fibo resistance of 127.2% in the range of $2641 will increase in price.
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.