GOLD LIKELY TO PULLBACK BELOW 2338 BEFORE ANOTHER TEST OF R2!

12 thg 5

Gold got rejected at R2 level projected and already formed double top which is likely to drive the metal down. A failure of support at S1 to hold gold's price will see metal price dropping below 2338 to test S2.

Having said that, gold may encounter early support at 2352; and price is rejected at this level, we might see gold again testing R2.


N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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