GOLD | Will The Support Area Push The Price Up Again?

GOLD | Will The Support Area Push The Price Up Again?

The mid of July'22 price tested a very old support area and from there we can see a strong
bullish movement.

The movement came up as a 5 wave structure.
Actually, the price is correcting and if the support area located
close to 1740 will hold strong it can push the price up again.

Wait for the price to react as the beginning as it is very risky right now to buy GOLD
as we don't have any bullish signs yet.

We need to see any bullish price reaction first before the next bullish wave.

Thank you and Good Luck!