Gold enters technical correction

14 Kas 2023

Before the arrival of the blockbuster data, gold entered a technical correction. Gold fell to 1931 and then rebounded to 1946. At this stage, gold is technically oversold and in a short-covering correction trend, and the rebound is weak.

Yesterday, in my analysis post, I talked about gold’s slow decline. If it fails to fall below the key position of 1925, it will rebound. Everything corresponds to my analysis.

At present, gold is expected to rise to 1970, but we also need to pay attention to this week's US CPI data.

Gold overall bullish

14 Kas 2023

İşlem aktif

14 Kas 2023

Not

1965 go short

14 Kas 2023

Not

1961 now

14 Kas 2023

Not

The current market is in the process of determining the direction to correct. This is also a dangerous moment

15 Kas 2023

Not

rebound