GOLD - Rising correction
Gold prices fell significantly during trading on Thursday after traders evaluated Federal Reserve officials' updated interest rate expectations, which indicated only one cut in the US interest rate this year.
After the gold price tested the support of 2327 and stabilized under it, the price will trade in the bearish zone and touch 2303 today. Any stabilizing under it will get 2292 and 2283, but after doing this process, it will rise until 2327 as a correction.
To activate the bullish trend, the price should stabilize above 2327 by closing the 4H candle to touch 2344.
After the gold price tested the support of 2327 and stabilized under it, the price will trade in the bearish zone and touch 2303 today. Any stabilizing under it will get 2292 and 2283, but after doing this process, it will rise until 2327 as a correction.
To activate the bullish trend, the price should stabilize above 2327 by closing the 4H candle to touch 2344.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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