Gold may develop further into a correction

Gold may develop further into a correction

2157-2163 is acting as a strong support zone so far.
During Friday the price rose from the same area up to 2178 and moved back down near 2163.
Considering that the market may not move properly today, then it may move in this narrow area 2163 - 2175.

I am not expecting big movements taking into consideration also the Economic Calendar|
Only a movement below 2145 can begin a bearish wave on GOLD

You may find more details in the chart!
Thank you and Good Luck!

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Trade chiuso: obiettivo raggiunto:

Bullish target reached at 2178:)

Trade chiuso: obiettivo raggiunto: