Gold: Anticipate temporary correction
A notable impulsive movement has been observed in the gold market, with the price surging from 1808 to 1831.
My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary decline to the 1824-1820 range, or possibly lower, before the bullish trend continues.
My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary decline to the 1824-1820 range, or possibly lower, before the bullish trend continues.
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