Bump and Run Alert! Gold on the Verge of Correction?
Updated
The “Bump and Run” pattern is emerging on XAUUSD's 4-hour chart, signaling a potential correction phase after its impressive rally. Without fundamental support or fresh positive news, XAUUSD could be heading back to test key support zones in the near term.
Key Support Zones to Watch:
First Support Zone: $2,675
Second Support Zone: $2,605
Key Support Zones to Watch:
First Support Zone: $2,675
Second Support Zone: $2,605
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Gold price remains close to a one-week low set on Monday, though the downside seems limited amid safe-haven demand stemming from the US election uncertainty and talks of an Iranian retaliatory strike on Israel. Comment
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