🥇GOLD - Correction to previously broken support

14 בספט׳ 2023

Gold is forming volume density on the resistance side which is pushing the price down. We are seeing a strong bearish trend that continues to conquer the lows

TA on the oblique timeframe:
1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809
2) Within the near term target, price may reach 1885 within a few days.

TA on the low timeframe:
1) A retest of the resistance area sends price down again
2) Support at 1909.85 is broken and a correction is forming to retest it
3) If the price consolidates below this, the market may give a good entry point for selling
4) Medium term target 1889

Key support📉: 1903.81
Key resistance📈: 1909.85, 1914.6