[Daily Bias] Gold - Fri 09062024 - Dropping to the POC

6 Eyl

Yesterday, the price experienced a significant rally and reached the naked Point of Control (POC), where it currently appears to be holding. We anticipate a potential retracement to test a key support zone below before making another move.

1. The price may decline if the previous POC holds.
   
2. Alternatively, the price could rise to test the previous Value Area High (VAH) before potentially dropping again
   

6 Eyl

Not

Entry at prev VAH