Important Caption : By examining the gold chart, we can see that the price faced selling pressure after entering the supply range of $2212 to $2222 and was able to fall to $2202. After the price reached this level, it faced demand pressure and was able to It grew up to $2236 and recorded a new ATH and finally closed at $2233 on the last trading day of last week! Today, due to the fact that the majority of the market was closed, but the price increased again to $2265! Now the price is trading in the range of $2248 and we have to see when we can finally see more correction of gold! Gold is breaking records these days! In addition, this week we will have the NFP statistics, which can have an important impact on the gold trend!
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gold is heavily imbalanced and has multiple fvg below, therefore I believe we should see a correlation in price to rebalance, waiting for choch is essential nonetheless