Correction Gold. H4 04.11.2024

11월 4일

Correction Gold 📉

On gold, I expect a deep correction to the buyers' target zone of 2637-2666.
Just above the zone is the margin and also hits a strong accumulated volume
profile on the rise. Together these factors give a high probability of a price
bounce if it can reach the zone. From the current 2730 from 1/2 of the margin
a bounce is also possible, but given the importance of the current week,
the US elections on 5 November and the Fed rate on 7 November, we should
consider the possibility of a deeper correction.

GOLD