Gold $PAXG Here, a smaller-level bottom structure has formed. I think the short-term chart will first see a wave of a 4-hour timeframe rebound.
For the rebound, first look at the range 4370-4410.
In the short term, it’s a phase of rebound, and for now I don’t think the correction has ended. Most likely it will still go on to test—and even break below—4250.
But this process shouldn’t happen immediately. For now, look for the rebound in the short term; the subsequent drop will slowly come later.
$XAU $XAUT
For the rebound, first look at the range 4370-4410.
In the short term, it’s a phase of rebound, and for now I don’t think the correction has ended. Most likely it will still go on to test—and even break below—4250.
But this process shouldn’t happen immediately. For now, look for the rebound in the short term; the subsequent drop will slowly come later.
$XAU $XAUT
