After retested resistance at 3400, gold price seemslike make a correction and will find it support below.
If global geopolitical conditions and US policies are supportive, then prices have strong potential to rebound and retest their highest prices.
Likewise, the price could break through support and make a lower low.
It's mean, it still consolidation. We will see a true direction after this phase.
Good Luck !
If global geopolitical conditions and US policies are supportive, then prices have strong potential to rebound and retest their highest prices.
Likewise, the price could break through support and make a lower low.
It's mean, it still consolidation. We will see a true direction after this phase.
Good Luck !
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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.