🥇 GOLD - Correction phase to the area of structure breakage
Gold continues its correction. Statistically, in 92% of cases, the price always returns to a previously broken level to retest it before continuing to move in one direction or the other. In our case, this is the downtrend area that was previously broken
Reasons for growth:
1) The Jan. 12 momentum broke the downtrend structure
2) Correction is being formed to retest support
3) Price is correcting to the previously formed CHoCH
4) 2036 - possible false breakout and growth
Reasons for growth:
1) The Jan. 12 momentum broke the downtrend structure
2) Correction is being formed to retest support
3) Price is correcting to the previously formed CHoCH
4) 2036 - possible false breakout and growth
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