Regarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C.
Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again.
For SHORT side
Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal trend.
Short-term trading
Sell 1698-1700
TP 1689/1685/1680
SL set according to your margin
Next week's target (medium-term) is around 1645
Next week's target (long-term) is approximately 1570-1563
For LONG side
If gold cannot break 1680, it could rebound at this solid support. Probably see a double bottom at this level.
Good luck!!