Hello traders ,what do you think about GOLD? Gold has reached the ceiling of the ascending channel and is also in the overbought zone.It is expected that after the correction to the specified support zone and the bottom of the channel will grow again to the specified level. If this post was useful to you, do not forget to like and comment.❤️
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US PCE data is released today, which can be the driver of gold price movement.
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It has fallen more than 100 pips from the expected level. The correction is expected to continue until the specified zone
Your analysis offers a clear perspective on gold's potential short-term movements. The reminder to monitor key economic data releases like the US PCE is valuable for understanding market dynamics. Looking forward to seeing how gold responds in the coming sessions. 📉