I see that the Gold is inside a Range right now. The Confluence zone is going to decide if next week the price will leave the range or not. If the support line is going to be broken and a correction will form after that, then more downside is expected. But if the support line is going to hold, by giving us a strong price action then Gold will go up to touch the resistance again. Trade with care!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.