GOLD (GOLD/ SELL MOVEMENT)

The corrective rise we previously mentioned is expected to reach the 2664 level or potentially the upper boundary of the trend channel. For today, the price is likely to fluctuate between 2664 and 2640, with a stronger inclination toward a bearish trend.

We anticipate that the price will continue its bearish movement as long as it remains below 2664, potentially falling to 2640 and further breaking below 2603.

A bullish trend may only be confirmed if the price breaks above the trend channel, with a 4-hour or daily candle closing above this level at a minimum.

Tendency Keys: 2664
Resistance Line: 2640, 2664, 2701
Support Line: 2603, 2566, 2527
Chart PatternsHarmonic PatternsTrend Analysis

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