📉🟡 Gold Status Now… Where To?
Gold today is moving in a corrective direction after recent strong increases. The price is currently fluctuating between strong supply and demand areas, indicating that the market is confused and its final direction is not clear.
🔍 What is expected?
If the price can maintain above the main support area, we might see a rebound and gradual rise.
However, if it breaks support strongly, we may see a short decline before any new rise.
The decisions of the American Federal Reserve in the coming period could change the market direction at any moment.
💡 Advice for traders: Don't rush in… wait for confirmation of the direction, and maintain capital management especially if your capital is small.