GOLD → The correction is ending. Rally to 2400

Updated
XAUUSD is moving from the consolidation phase, to the phase of realization of accumulated potential and rallying to 2400. The price enters one of the key ranges.

snapshot

The fourth wave of correction is coming to an end and a rally within the V wave is being formed. The potential target could be 2400-2550. The price is returning to the range of 2398-2362. If the bulls keep the price above the 2362-2352 area, it will confirm their intentions and open the way to 2400-2450. Fundamentally, gold has a good potential on the back of the falling dollar index

GOLD → Correction may continue ↓ before further growth ↑


Resistance levels: 2382, 2398, 2417
Support levels: 2362, 2352


Within the framework of the bullish wave after the rally may be followed by a small correction or consolidation, but the bullish movement and the trend as a whole may get its continuation.

Regards R. Linda!
Trade active
Bulls are trying to keep the price above the key support area
We expect consolidation and continuation of growth
Chart PatternsDescending ChannelDescending TriangleDXYFalling WedgeFundamental AnalysisGC1! (Gold Futures)GoldSupport and ResistanceTrend AnalysisTrend Line BreakXAUUSD

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