devashishgupta21

Gold Technical analysis: Correction phase

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has entered into correction wave after a strong rally, which has ended in February, 2023. As per previous rally and correction trends, I have marked my price targets on the chart using wave tool. There is high possibility of another short rally from 1800 to 1900 and then again it will make new low below 1800 from 1900. Presently, I am expecting gold price fall to 1800 USD.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.