Oro / DollaroShort
Gold- correction could be over soon
As explained in my latest video and written analysis, gold may have changed its trend. However, considering the 1000-pip drop from last week, a correction could occur.
Indeed, the price started to rise after hitting a low of 2325 and reached a high around the 2360 zone. This rise is clearly corrective in nature, and gold could soon drop again in a new downward leg.
The sell zone is between 2365 and 2375, with a target for bears at the 2300 level. I remain bearish as long as the price stays below 2380 on a daily closing basis.
Indeed, the price started to rise after hitting a low of 2325 and reached a high around the 2360 zone. This rise is clearly corrective in nature, and gold could soon drop again in a new downward leg.
The sell zone is between 2365 and 2375, with a target for bears at the 2300 level. I remain bearish as long as the price stays below 2380 on a daily closing basis.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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