Gold continues correction up
Price of gold tries to exhaust buyers and sellers. However, if you know an ultimate goal, then it is possible not to worry. Yesterday the price punched a local downside channel up and can move further to the purpose. My purpose on correction 1890-1895, that is to the upper bound of a downside channel on the week chart where amounts of buyers and sellers are located. The movement to level 1915-1920 is also possible.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
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Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.