Gold could correct lower

٦ يناير ٢٠٢١

Gold started the year strong and in just 2 days reached 1950 gaining more than 500 pips.
Following price action, we can see that prices in 1950 zone are sold and, after 5 consecutive green days, a correction wouldn't surprise me.
Scalpers can try to sell rallies in this zone and 1925 support could be the target