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it was difficult to rise more than 2395, and after several attempt, we had a correction. gold reaches the static, dynamic and fibo level as a good support and demand is forming to push the price above 2400. we go step by step ...

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It is obvious that gold needs a correction. on the other hand we see gold is still above the support and keep trying to meet above 2400. maybe today is the last day for the results of the recent tensions in the middle east. so gold could use this opportunity as a n excuse to continue its uptrend.

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however the correction could be complex, gold is gathering strength to continue its uptrend. we should see its reaction to the support. we go step by step...

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gold had a correction but has stayed above 2350. and it is above the support line. gold wants to keep its uptrend movement.

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Gold has been moving inside the channel, as reacted some times. The .618 fibo level can act as a support to push the gold to the top of the channel and the 1 fibo level as a target(2315). It is possible to decline from that point, otherwise in order to breack the top of channel, another rise toward 1.618 level is pissible

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moving in the triangle. after testing 2200, gold can see the important supportive levels.

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Gold is trying to retest 2200. decline toward fibo levels is possible. we should move step by step.

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at the previous chart, we had a downtrend toward fibo levels. it is possible to test the upper resistance and then another downtrend toward the dynamic supportive line.

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the previous analysis the 1.618 fibo around 2173 was a target for an uptrend. as you know gold reached a new high. It is possible to test the shadows above 2200, and after that may tend to reduce toward the fibo levels.

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gold as expected, after 3 times testing the uptrend line, have a downtrend. and reaching the downtrend. It is possible to get energy to test 2170 another time.

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we saw a good uptrend. bearish movement is possible but before that, another uptrend for test the resistance is possible. we go step by step.

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as euro fulfilled its target and touched target 1, correction is possible and the important zone for descending trend is clear in the chart.

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gold fulfilled the sharp descending trend. and the new trend is going to happen. as it reached to target, the area of correction is clear in the chart ...

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Gold reached its strong resistance. The market will test supply and demand around 2000, to see who is more powerful and make sure for strong support and make decision to find the best way to go.

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in the triangle. wait. It is making decision to complete the correction or not. Consider that Euro made its correction better than gold

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tow area to accomplish the uptrend move in the chart. Support is close to the price.

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It seems to start for a correction. The target for the (C) wave is in the chart. the wave (C) may be formed by abc.

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Correction in the form of ABC is completed. and it is likely to have Long position in the form of 5 waves or ABC.