Gold in corrective phase then trend resumes?
Currently gold is in a corrective phase. My expectations for is a further climb to around 2650-2655 range. In the daily timeframe we can see Supply zone. A good rejection may follow here. Notice the support trend below, If it still get respected gold can push up again. A break below after confirmation will shift our technical analysis, and selling the market becomes prio.
Resistance: 2635, 2643, 2651
Support: 2622, 2613, 2604
Resistance: 2635, 2643, 2651
Support: 2622, 2613, 2604
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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.