Gold still wants to go down, 1600 is the point that gold wants to reach.
Although it has been going down continuously for seven months, from the price of 2075 in March 2022 to the end of October.
In November, gold first aims at 1600 and then starts its upward movement until the end of February to reach the price of 1850.
If it can break 1850 at the end of February, it will move towards 2200, but otherwise, moving towards 1500 and 1400 is not out of mind.
Although it has been going down continuously for seven months, from the price of 2075 in March 2022 to the end of October.
In November, gold first aims at 1600 and then starts its upward movement until the end of February to reach the price of 1850.
If it can break 1850 at the end of February, it will move towards 2200, but otherwise, moving towards 1500 and 1400 is not out of mind.