GOLD - Reversal or further correction ?

٤ أغسطس

#GOLD #Analysis
Description
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+ GOLD price has reached the current support zone which acted as resistance in the past.
+ We can expect a slight bounce from the current support zone however it doesn't look promising.
+ If the bounce continues we then there is a slight chance of hitting 2470 price.
+ Mostly likely the support will not hold and price can expected to be corrected further with the major support around 2350
+ Minor support is around 2392 which can act as a temporary support for before bouncing back from it.
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VectorAlgo

٦ أغسطس

ملاحظة

second scenario is playing out

٧ أغسطس

ملاحظة

Price has hit our expected correction levels.