Based on the current bullish movement on gold, we can see that it rise fast without falling to 1520. It might have a short retrace once big red candle fall arise. When the short retrace happens, the first support is around 1514. Since the bullish is strong, so it might have a higher chance to stay above 1514. However, if the support is broken it will have higher chance drop to the next support, which is around 1477.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.