Gold_movement in m30

2 Eyl

Based on the monthly chart analysis, gold is expected to undergo a corrective move towards the MA200 level. The previous breakdown of this level and the alignment with the RSI indicator, which is in the oversold region, reinforce this forecast. Additionally, the formation of an inverse head and shoulders pattern on the daily chart increases the likelihood of a downward price movement. However, it's important to note that sudden decisions by central banks and geopolitical events could impact this trend