GOLD - Reversal or further correction ?
#GOLD #Analysis
Description
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+ GOLD price has reached the current support zone which acted as resistance in the past.
+ We can expect a slight bounce from the current support zone however it doesn't look promising.
+ If the bounce continues we then there is a slight chance of hitting 2470 price.
+ Mostly likely the support will not hold and price can expected to be corrected further with the major support around 2350
+ Minor support is around 2392 which can act as a temporary support for before bouncing back from it.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ GOLD price has reached the current support zone which acted as resistance in the past.
+ We can expect a slight bounce from the current support zone however it doesn't look promising.
+ If the bounce continues we then there is a slight chance of hitting 2470 price.
+ Mostly likely the support will not hold and price can expected to be corrected further with the major support around 2350
+ Minor support is around 2392 which can act as a temporary support for before bouncing back from it.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Comentário
second scenario is playing outComentário
Price has hit our expected correction levels. 
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
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🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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