Whether gold has completely collapsed
Hello Traders! 👋
What are your thoughts on GOLD?
Gold, after its recent decline, is approaching a support zone. The downtrend is expected to continue until it reaches this support level. If buyers show a positive reaction at this area, we may see an upward correction, potentially reaching higher resistance levels.
If this correction occurs, it could present a selling opportunity for traders around resistance, as there may be a continuation of the downtrend after the correction.
What are your thoughts on GOLD?
Gold, after its recent decline, is approaching a support zone. The downtrend is expected to continue until it reaches this support level. If buyers show a positive reaction at this area, we may see an upward correction, potentially reaching higher resistance levels.
If this correction occurs, it could present a selling opportunity for traders around resistance, as there may be a continuation of the downtrend after the correction.
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