Gold likely to correct to 189x levels to correct for recent rally. Then push up towards 2075 for retest of covid highs. This is contingent on developments taking place in Ukraine as well as sanctions from the West in the following week.
Gold will test 1879, the long term pivot from the 4H chart then bounce back to near term supply zone marked in the rectangle.
Could it be heading down for another rally before fed rate?
Gold long on back of dovish Fed Chairman comments. Traced along Fibonacci retracement of previous week coupled with descending Fibonacci fan.
