Yesterday (13th Oct 2022) Gold couldn't breakout Resistance 1681 and price has went down to sideway area.
Today, as we can see the chart, there are two scenarios:
Scenario A:
Price will going down to Demand Zone #4 and there is possibility will continue to demand zone #5 if the price breakout demand zone #4
Scenario B:
If price can breakout the Strong Resistance 1681, then it will continue up to Supply Zone #1 & #2.
Be aware of today news = Core Retail Sales m/m & Prelim UoM Consumer Sentiment
Trade safe and good luck.
Today, as we can see the chart, there are two scenarios:
Scenario A:
Price will going down to Demand Zone #4 and there is possibility will continue to demand zone #5 if the price breakout demand zone #4
Scenario B:
If price can breakout the Strong Resistance 1681, then it will continue up to Supply Zone #1 & #2.
Be aware of today news = Core Retail Sales m/m & Prelim UoM Consumer Sentiment
Trade safe and good luck.
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