Gold price analysis in lower time frames

In the gold price chart, given the unstable monetary policy conditions, a short-term decline to the price level of 2482.65 is foreseeable. Additionally, an upward movement may continue towards the 2500.17 range.

For trading on August 19th, it is suggested to sell in lower time frames to account for the price correction and to consider buying again in higher time frames around the 2509 level.