Gold is in Corrective movement
After the sharp drop of gold against the dollar and the growth of the dollar against other currencies and metals, it seems that the time has come to correct part of this fall. In the future, according to the type of corrective movement, it will be determined how much the correction will be, but one thing that is clear is that the ranges from 1855 to 1862 and 1885 to 1902 are important resistance limits in the growth path.
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As I mentioned, due to the bull pressure on Friday after the NFP news, the corrective movement of gold started and today started with a glitch gap. The range from 1855 to 1862, which was mentioned as an important range, was touched as the primary target
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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.