GOLD may test the support levels down to 2350
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Daily chart
Gold
GOLD touched the support line S and rebounded in the last candlestick.
So, we need to wait for a confirmation by closing this day and tomorrow, either a successful hammer candlestick, or visiting the lower support levels - one by one!
At each shown support level, there will be 2 scenarios: Rebound up or Break down.
The technical indicators MACD and RSI are showing a bearing movement.
This is only a (Be careful signal)! The direction should be confirmed before opening a new position.
Gold
GOLD touched the support line S and rebounded in the last candlestick.So, we need to wait for a confirmation by closing this day and tomorrow, either a successful hammer candlestick, or visiting the lower support levels - one by one!
At each shown support level, there will be 2 scenarios: Rebound up or Break down.
The technical indicators MACD and RSI are showing a bearing movement.
This is only a (Be careful signal)! The direction should be confirmed before opening a new position.
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Correction is very active!
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