Gold- Correction could follow at this point
Since the beginning of April and the 1680 low, Gold has risen almost 2000 pips.
However, the rise is contained in a channel that is not the most bullish pattern out there, and at this point, the price is close to this channel's resistance.
A correction could follow at this point and 1840 confluence support could be bears target.
A break of this channel's support could lead to a deeper correction to 1800 zone.
However, the rise is contained in a channel that is not the most bullish pattern out there, and at this point, the price is close to this channel's resistance.
A correction could follow at this point and 1840 confluence support could be bears target.
A break of this channel's support could lead to a deeper correction to 1800 zone.
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