GOLD: ...next swing? we'll see

From a technical point of view, the swing is bullish on intraday chart, but at the same time, we cannot rule out a corrective structure in short term. If the market starts selling 1.934/1940 area, the first bearish leg should appear on hourly chart. Having said that, at the moment our setup is valid and we continue to follow it on daily chart:

The previously mentioned resistance area is also minimum target of our Hammer Pattern, and some traders might take some profit:

At the moment everything is still work in progress, but in the next few hours we may have some more details...

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Trade with care!

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🔔 Strong Resistance Area around 1,935USD