Gold showed a **double purge** signal, which could indicate a **bearish correction** move. This correction aims to seek liquidity in a discounted region, allowing the continuation of the **bullish** movement afterward. It's important to note that the correction can be seen as an opportunity for accumulation before the trend resumes upward, with the market looking for support levels to fuel further gains. However, we should remain alert to reversal signals or external events that could alter this scenario.
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.
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.