Gold forming a consolidation range What should Next?

قبل ٥ أيام

Gold prices continue to correct to the downside, forming a consolidation range near current levels. The market remains supported, but momentum is weakening as the US Dollar strengthens amid a local bullish trend.

As long as the dollar maintains its upward correction, downside pressure on gold is likely to persist. a break below the trading range support could trigger further declines toward the 4,070 4,005 zone (support area). This level may act as a potential retest zone for buyers. For now, it’s best to wait for price action to slow down near the lower boundary of the range before considering new trades — patience and confirmation are key to avoid false breaks.

You may find more datils in the chart,
Trade wisely best of Luck Buddies.

Ps; Support with like and comments for better analysis Thanks for Supporitng.

قبل ٤ أيام

تم فتح الصفقة

1st Target reached almost way on second Target