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GOLD - It Looks like Strong BEARISH CORRECTION

Atualizado
Gold prices fell in the European market on Monday for the first time in the last three days, giving up a new historical level recorded earlier in Asian trading. This decline comes due to the activity of correction operations and profit taking and under pressure from the current recovery in the US dollar levels.

Generally, the direction is uptrend.

Uptrend Side: In the 4H chart we have a buy until 2630, so breaking above it will rise to record a new high level.

Downtrend Side: If the price touches the resistance of 2625, it will fall to reach 2605, but overall the price has a bullish trend.

Tendency Keys: 2605
Trade ativo
Gold prices steadied on Tuesday after surging to a record high in the previous session, following broadly dovish comments from U.S. Federal Reserve officials and escalating tensions in the Middle East.
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