Gold may correct from 2265
After another strange bullish sentiment for gold, not at all related to USD strength.
Gold reached a new all-time high at 2265.
Today we can see that the price completed a harmonic downtrend thus signaling a possible correction in the uptrend.
It's risky, but it can happen because that's how the market develops.
Immediate support will be found at 2240 and 2225 and a very strong support at 2200.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After another strange bullish sentiment for gold, not at all related to USD strength.
Gold reached a new all-time high at 2265.
Today we can see that the price completed a harmonic downtrend thus signaling a possible correction in the uptrend.
It's risky, but it can happen because that's how the market develops.
Immediate support will be found at 2240 and 2225 and a very strong support at 2200.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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