Gold - Correction Downwards
After setting new 🚀records, it seems that gold is ready for a correction. On the 4-hour chart, the price is already testing support levels. The RSI is exiting the overbought zone. A Head and Shoulders pattern may be forming.
🔽We might see a correction downwards on profit taking to support the 2485 key level, with a possible further slide to 2476.
🔼Alternatively, the price may retest 2503 - 2512 resistance zone.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
🔽We might see a correction downwards on profit taking to support the 2485 key level, with a possible further slide to 2476.
🔼Alternatively, the price may retest 2503 - 2512 resistance zone.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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