GOLD (xau) 21.10 There's a strong zone below. Rebound

Hello traders) I would like to share my view on the gold market)
My name is Natalia)
I want to draw your attention to the price pullback. The reason is the weakening of dollar index and softer view of the long positions from the side of investors
Below the price is the key area. See the volume profile and the Fibonacci indicator.
The 1721-1701 zone may help push the price up, that is, we may see a bounce towards resistance 1784
The 1721-1701 zone is a contagion zone and may prevent price from breaking through it the first time - a kind of protective base.

Thanks for your attention)

Commentaire:

Gold continues to weaken. Renews the local low of 1732.595. I expect in the near term a test of the key 1721.655

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