« Gold Analysis Update on 2-hour timeframe »

In the short term, we highlight several stages of decline, after breaking the uptrend, where we see after a return to correction upwards, the candles touched the trend and retreated from the expected consolidation below the $2640 level will indicate a break of support as in the figure ↑ and a deepening of the correction below the traditional 61.8% decline level from the August lows.

A sharp return to growth will allow us to discuss the imminent renewal of historical high levels. This is a real scenario, but an alternative one. It seems to us that there is now a greater chance that gold will leave the main role for a while.

« Detailed explanation on a large timeframe above »

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