Gold is in a price correction on the daily time frame and when it can reach the specified support levels. If there are signs of reversal and price weakness and reversal candles in the price range of 3100, we can expect scenario 1 for gold to rise.
However, if the first range is broken, we can expect a deeper correction to the $2700 range and, despite bullish evidence, we can expect the price to return to the previous ceiling range.
However, if the first range is broken, we can expect a deeper correction to the $2700 range and, despite bullish evidence, we can expect the price to return to the previous ceiling range.
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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.