🔸Hello guys , today let's review daily price chart for gold. All previous setups that I've posted already hit TP, congrats if you followed.
🔸DUMP fractal in progress, it's the same distribution/dump fractal that resulted in heavy corrections in 2022/2023. On the left we got the current price fractal, on the right past dump fractals from 2022/2023.
🔸Based on previous corrections, we can expect 10-18% correction in gold prices from the top (topped out near 2075 usd). Expecting more weakness over next months, until we complete the dump sequence.
🔸Conservative target is 1800 USD, which is a 12% correction off the highs. Aggressive target is 1700 USD, which will require a more steep correction in gold prices. However, I'm expecting prices to stall / reverse near 1800 USD.
🎁Please hit the like button and 🎁Leave a comment to support our team!
RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.