InvestMate|Gold a chance for a downward correction🥇

🥇Gold a chance for a downward correction

🥇Gold reacted dynamically after the Fed's interest rate decision, contrary to the main trend followed over the past months.

🥇There is no arguing with this fact

🥇It stopped at the first local support zone at $1777

🥇The level where I see gold in the coming days is the support zone determined by the 0.382 level of the entire upward wave from the bottom.

🥇The resistance zone is established at the recent peak.

🥇Looking at the MACD and the RSI, the current decline may only be the beginning of some medium-term sideways formation on gold.

🥇But I still think that sooner or later we will see increases on it.

🥇The scenario I'm playing out is a continuation of declines to the vicinity of support zone levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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