Ounce-Dollar Chart Analysis: After Sharp returned from the range of 1676$., We saw the growth of the global ounce price. The price entered the correction phase. This week, gold will be involved in the $ 1825 range. If the level fails, we will see a further downward trend in gold prices.
Comment:
The price fell as we expected after hitting the ceiling of the drawing channel and the figure of $ 1831. Next week we expect the price to touch 1770 and see the price reaction in that range. The downtrend is likely to continue and the global ounce price will reach $ 1727 and $ 1656
