GOLD two possible paths on the current situation
Main items we can see on the chart right now:
a) The price is on a support level, and it's an important zone to pay attention to. From here, we will understand the directions we can expect
b) The descending trendline of the corrective structure (white line) has been broken, and it's outside of it
c) If the price bounce from this level, we can expect a movement towards the purple line as a short term bullish target
d) If the price breaks the support zone, we can expect a move towards the next Support/Resistance zone as a short term bearish target
a) The price is on a support level, and it's an important zone to pay attention to. From here, we will understand the directions we can expect
b) The descending trendline of the corrective structure (white line) has been broken, and it's outside of it
c) If the price bounce from this level, we can expect a movement towards the purple line as a short term bullish target
d) If the price breaks the support zone, we can expect a move towards the next Support/Resistance zone as a short term bearish target
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