Potential Scenarios and Market Outlook
There are two main scenarios for gold:
1. The green line indicates that Friday's price correction will be followed by an upward movement in the coming week, potentially reaching around 2070. Before the upward trend, there is a possibility that the price line might touch the orange line.
2. The red line suggests that the price will reach a range between 1960 and 1933.
Based on the analysis, the green scenario appears to have stronger possibilities. However, gold can be likened to a basketball that, when subjected to harder bounces, tends to rebound higher. However, it is important to note that the market may experience a range-bound movement in the coming week.
It is always recommended to consult with qualified professionals or conduct further research before making any financial decisions.
If you have any further questions or comments, feel free to share them.
1. The green line indicates that Friday's price correction will be followed by an upward movement in the coming week, potentially reaching around 2070. Before the upward trend, there is a possibility that the price line might touch the orange line.
2. The red line suggests that the price will reach a range between 1960 and 1933.
Based on the analysis, the green scenario appears to have stronger possibilities. However, gold can be likened to a basketball that, when subjected to harder bounces, tends to rebound higher. However, it is important to note that the market may experience a range-bound movement in the coming week.
It is always recommended to consult with qualified professionals or conduct further research before making any financial decisions.
If you have any further questions or comments, feel free to share them.
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