GOLD - Short CORRECTION, then ROSE

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Generally, the direction is uptrend

Summery: The price has reached our target based on the prior analysis. Currently, it is undergoing correction. Upon the completion of this correction, we anticipate that the price will attempt to break through the zone located between 2701 and 2714, signaling a potential rise toward the levels of 2733 and 2757.

Uptrend Side: the uptrend movement will start when the price stabilizes above the zones of 2701 and 2714.

Downtrend Side: The price is expected to decline to approximately 2669 as part of a corrective movement. A confirmed downtrend would be indicated if the price closes below 2669 on a 4-hour (4H) candlestick chart.

Tendency Keys: 2701 and 2714
Trade fermée: cible de profit atteinte
Based on my analysis, the price has increased by +170 pips in profit and has broken through the zone located between 2701 and 2714. Therefore, for the upcoming week, we should prepare for a minor correction and anticipate the possibility of testing the previous high or a new high level.

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