Gold Daily Analysis Friday, 14th Oct 2022Yesterday (13th Oct 2022) Gold couldn't breakout Resistance 1681 and price has went down to sideway area.
Today, as we can see the chart, there are two scenarios:
Scenario A:
Price will going down to Demand Zone #4 and there is possibility will continue to demand zone #5 if the price breakout demand zone #4
Scenario B:
If price can breakout the Strong Resistance 1681, then it will continue up to Supply Zone #1 & #2.
Be aware of today news = Core Retail Sales m/m & Prelim UoM Consumer Sentiment
Trade safe and good luck.
