Daily candle formation Lures into primary Demand Zone at $2490
Updated
Reaction to Imbalance and Potential Move to $2512:
Having reached the $2490 level, the next focus is on the market's reaction as it addresses the price imbalance between $2490 and $2512.
The goal is to gather sufficient demand at $2490, which could provide the momentum needed to attempt a move back towards the $2512 range.
Potential Move to $2512:
If $2490 holds and sufficient demand is generated, gold could aim for a corrective move back up to the $2512 level.
This range represents the next area where the market might seek to balance supplies, potentially setting the stage for further directional hedge . follow for more insights ...
Having reached the $2490 level, the next focus is on the market's reaction as it addresses the price imbalance between $2490 and $2512.
The goal is to gather sufficient demand at $2490, which could provide the momentum needed to attempt a move back towards the $2512 range.
Potential Move to $2512:
If $2490 holds and sufficient demand is generated, gold could aim for a corrective move back up to the $2512 level.
This range represents the next area where the market might seek to balance supplies, potentially setting the stage for further directional hedge . follow for more insights ...
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